Emerging Markets, Emerging Russia, Emerging Views
By Marcus Williams
Russian investment bank Renaissance Capital today announced it was opening a representative office in Belarus in anticipation of a state-sponsored sell-off of assets by the former Soviet state.
The office will be led by Sergey Levin, who joins the firm as chairman of Renaissance Capital in Belarus, and will be based in Minsk. The [...]
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By Ivan Anderzhanov in Moscow
The analyst community fretted as they poured over the news yesterday that Raiffeisen non-performing loans in Russia have jumped from to 7.2% by the end of June from 2% at the end of 2009.
The interim report shows that the Austrian bank earned almost nothing in Russia during the second half of [...]
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By Jason Corcoran in Moscow
German bank Commerzbank has rubbished reports it has offered to sell its Russian subsidiary to Belarusbank, the largest bank in Belarus.
Media reports in Belarus and Russia on Wednesday quoted Nadezhda Ermakova, chairperson of the board of Belarusbank. “Commerzbank has made us an offer to purchase its subsidiary” Ermakova said in comments [...]
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