Banker weekly - bneBanker http://www.bne.eu en 180 Mon, 30 Jan 2012 06:29:55 GMT Creditless recovery: an empirical analysis http://www.bne.eu/dispatch18783#290430 23 January 2012 A common empirical finding in the emerging market literature is that creditless ... VTB Provides Update on Bank of Moscow's Loan Portfolio http://www.bne.eu/dispatch18783#290432 January 26, 2012 VTBÕs Deputy CEO Andrey Puchkov says the problem portion of Bank of MoscowÕs ... Sberbank of Russia and Troika Dialog Create the Largest Universal Banking Institution in Russia http://www.bne.eu/dispatch18783#290433 January 23, 2012 Sberbank of Russia and Troika Dialog announce the closure of the deal to merge ... Sberbank CEO on 2012 outlook and SPO http://www.bne.eu/dispatch18783#290436 January 2012 Event: Yesterday (19 January), Reuters quoted the following comments by German Gref, ... Minority stake in Bank Renaissance Capital (B/B3/B) to be bought by ONEXIM Group; positive for RCCF 13 http://www.bne.eu/dispatch18783#290438 January 26, 2012 News: Kommersant reports that Mikhail ProkhorovÕs ONEXIM Group is in the process ... Bank lending grew strongly in December, continuing to build on the earlier momentum. We forecast further fast growth in 2012. http://www.bne.eu/dispatch18783#290440 January 25, 2012 Bank lending in Russia expanded at a fast pace in December, building on the ... Russian banks Ð The 2012 growth story http://www.bne.eu/dispatch18783#290442 January 25, 2012 Today (26 January), we release Russian banks Ð The 2012 growth story. Russia: ... EBRD frets over bank deleveraging as it drops 2012 growth forecasts http://www.bne.eu/dispatch18783#290444 January 24, 2012 Cutting its economic growth forecasts for 2012, the EBRD warned that contagion ... Russian Banks Benefit from Easing of Funding Constraints http://www.bne.eu/dispatch18783#290446 29 January 2012 Improving global funding conditions are providing a lift for Russian banksÕ ... CEE's Austrian banks unlikely to replicate the Baltic resolution http://www.bne.eu/dispatch18783#290448 January 27, 2012 Most of the headlines around the European banking and sovereign crisis have ... Bank St Petersburg: Takeaways from media interview with CEO http://www.bne.eu/dispatch18783#290450 January 26, 2012 BSPB RU: BUY, target price: $3.9, upside/downside: 81.0%?STBKPA RU: BUY, target ... Russian banks: We have updated our models http://www.bne.eu/dispatch18783#290452 January 24, 2012 -- Sberbank's TP is unchanged --- but we cut them for NOMOS, BSPB and V-bank --- ... Vtb Retains Sizable Finance Ministry Deposits http://www.bne.eu/dispatch18783#290454 January 25, 2012 Central Bank data for December shows that the VTB group remains the main ... Russian banks - VTB our pick for 1H12 http://www.bne.eu/dispatch18783#290456 January 25, 2012 VTB is our pick of liquid Russian bank stocks in 1H12. We see VTB as the liquid ... Russia banks: Benefit from Easing of Funding Constraints http://www.bne.eu/dispatch18783#290459 January 27, 2012 Improving global funding conditions are providing a lift for Russian banksÕ ... VTB does not rule out selling stake in 2012 http://www.bne.eu/dispatch18783#290461 January 26, 2012 VTB, Russia's second largest bank, does not rule out privatizing another stake ... Sberbank plans to increase interest rates on retail loans, and not on deposits http://www.bne.eu/dispatch18783#290462 January 26, 2012 SBER RM: BUY, target price: $3.9, upside/downside: 37.3%?SBERP RM: BUY, target ... European banks - bondholder "bail-in" proposals shelved once more http://www.bne.eu/dispatch18783#290464 January 27, 2012 Speaking in Davos last night, the European Union's financial services ... BoM receives Borodin-connected assets that may allow for partial recovery of a RUB14bn debt http://www.bne.eu/dispatch18783#290466 January 26, 2012 VTB expects no 4Q11 NPL increase VTB subsidiary Bank of Moscow (BoM) gained ... Fragile Operating Environment Prompts Delay in ING's Repayment of State Aid http://www.bne.eu/dispatch18783#290468 January 23, 2012 On 13 January, during an investor presentation, ING Bank N.V. announced that it ... Troika Dialog brand to die http://www.bne.eu/dispatch18783#290470 January 23, 2012 One of the most famous Russian financial brands, Troika Dialog, will disappear ... EBRD says to consider taking shares in CEE banks http://www.bne.eu/dispatch18783#290472 January 27, 2012 If the debt crisis worsens, the European Bank for Reconstruction and Development ... Finance Ministry to cut support to banks http://www.bne.eu/dispatch18783#290475 January 24, 2012 The practice of placing temporarily available funds of the federal budget on ... CBR sees Sberbank privatisation as a benchmark for investors http://www.bne.eu/dispatch18783#290477 January 27, 2012 --- at around RUB 100 per share and high investor demand --- this suggests a ... Baltic Trade House sells 22% in Baltiyskiy Bank http://www.bne.eu/dispatch18783#290478 January 24, 2012 Russia's Baltic Trade House has decreased its share in Baltiyskiy Bank to 77.75% ... Globex bank completes merger with National Trade Bank http://www.bne.eu/dispatch18783#290480 January 23, 2012 One of Russia's top 30 banks, Globex, has completed a merger with National Trade ... Sberbank expects to complete Volksbank purchase in February - Gref http://www.bne.eu/dispatch18783#290482 January 27, 2012 Sberbank of Russia thinks the purchase of Volksbank International (VBI) will be ... Minority stake in Bank Renaissance Capital (B/B3/B) to be bought by ONEXIM Group; positive for RCCF 13 http://www.bne.eu/dispatch18783#290484 January 26, 2012 News: Kommersant reports that Mikhail ProkhorovÕs ONEXIM Group is in the process ... Commerzbank to sell 14.4% in Russia's Promsyazbank by end June http://www.bne.eu/dispatch18783#290486 January 23, 2012 Germany's Commerzbank is to sell its 14.37% in Russia's Promsvyazbank by the end ... VTB Bank CEO: European banks less active in Russian market http://www.bne.eu/dispatch18783#290488 January 26, 2012 Difficulty with capital in the banking systems in Europe have resulted in a ... CBR to divide regulation, oversight departments into 2 divisions http://www.bne.eu/dispatch18783#290490 January 24, 2012 The Central Bank of Russia (CBR) plans to divide the banking regulation and ... B&N Bank RAS net profit soars to RUB1.5bn in 2011 http://www.bne.eu/dispatch18783#290494 January 27, 2012 Russia's B&N Bank (also known as BIN Bank) boosted its 2011 net profit to ... VTB Bank overdue debt share at below 6% as of end-2011 http://www.bne.eu/dispatch18783#290497 January 26, 2012 The share of overdue debt for state-controlled VTB Bank's loans fell below 6% as ... UBRR Bank net profit jumps to RUB3bn in 2011 http://www.bne.eu/dispatch18783#290500 January 26, 2012 The net profit of Russia's UBRR bank increased to RUB2.977bn in 2011 from some ... Troika Dialog seeks $1bn revenue in 2012 - Vardanyan http://www.bne.eu/dispatch18783#290503 January 23, 2012 Russian investment company Troika Dialog, which has merged with the country's ... VTB IFRS net profit doubles to $3bn in 2011 http://www.bne.eu/dispatch18783#290507 January 27, 2012 The net profit of VTB Group, which includes Russia's second largest VTB Bank, ... Raiffeisenbank only Top 10 bank to decrease loan portfolio in December http://www.bne.eu/dispatch18783#290509 January 26, 2012 Raiffeisenbank is the only bank from the Top 10 in terms of loan portfolio to ... Bank St Petersburg profit doubles to RUB4bn in 2011 http://www.bne.eu/dispatch18783#290512 January 23, 2012 Net profit of Russia's Bank St Petersburg, which ranks among the country's top ... Sberbank expects retail deposits to grow 20% YoY http://www.bne.eu/dispatch18783#290515 January 26, 2012 --- focus on the mass affluent segment --- aims to increase market share Ð ... Vozrozhdenie Bank Outlines Retail Deposit Guidance http://www.bne.eu/dispatch18783#290519 January 26, 2012 Vozrozhdenie Bank Management Board Deputy Chairman Alexander Dolgopolov said ... Center-Invest RAS net profit soars to RUB1bn in 2011 http://www.bne.eu/dispatch18783#290521 January 23, 2012 The net profit of Russian regional bank Center-Invest almost quadrupled to ... Russian banks' losses rise 10% to RUB63.5bn in December http://www.bne.eu/dispatch18783#290525 January 27, 2012 Russian banks lost on operations with securities for the fourth consecutive ... Bank Zenit RAS net profit soars 60% to RUB2bn in 2011 http://www.bne.eu/dispatch18783#290528 January 23, 2012 The net profit Russia's Bank Zenit soared 60% to RUB2.173bn billion rubles in ... MAKS insurer increases authorized capital 40% http://www.bne.eu/dispatch18783#290530 January 27, 2012 MAKS, one of Russia's top 20 insurance companies, raised its authorized share ... Putin calls for investing pension savings in infrastructure bonds http://www.bne.eu/dispatch18783#290533 January 24, 2012 Russian Prime Minister Vladimir Putin instructed the government to consider ... VTB 24 ups mortgage portfolio 40% on year in 2011 http://www.bne.eu/dispatch18783#290536 January 25, 2012 VTB 24, Russia's second largest retail bank, increased its mortgage lending ... VEB pension asset investment income rises 13% in 2011 http://www.bne.eu/dispatch18783#290539 January 23, 2012 The income of Russian state-owned Vnesheconombank (VEB), which acts as a state ... Kazakhstan: BTA pursues restructuring deal despite shareholder rejection http://www.bne.eu/dispatch18783#290542 January 27, 2012 BTA Bank managers still hope to agree a new debt restructuring deal, after ... Kazakhstan: BTA starts discussions with shareholders http://www.bne.eu/dispatch18783#290545 January 24, 2012 BTA Bank started a round of talks with creditors yesterday January 23, with the ... Kazakh banks' asset quality in December: Overdue loans and NPLs decrease http://www.bne.eu/dispatch18783#290549 January 27, 2012 Event: Yesterday (25 January), the National Bank of Kazakhstan released ... Kazakh banking sector delivers 15.2% YoY loan growth in 2011 http://www.bne.eu/dispatch18783#290553 January 27, 2012 Event: Yesterday (25 January), the National Bank of Kazakhstan published ... Alfa-Bank Ñ Reports decent 4Q11 UAS results http://www.bne.eu/dispatch18783#290559 25 January 2012 News: Alfa-Bank, the 10th largest Ukrainian bank by assets, reported UAS net ... Oschadbank Ñ Reports 4Q11 UAS results http://www.bne.eu/dispatch18783#290561 January 27, 2012 News: State-owned Oschadbank, the second largest bank in Ukraine by assets, ... Ukrsotsbank Reports neutral 4Q11 UAS results http://www.bne.eu/dispatch18783#290564 29 January 2012 News: Ukrsotsbank, the 6th largest Ukrainian bank by assets, finished 2011 with a ... Volume of bad credits in Ukraine down 18% in 2011, study says http://www.bne.eu/dispatch18783#290567 January 23, 2012 The total sum of bad credits in Ukraine in 2011 fell by UAH54bn or by 18%, to ... Oschadbank Ñ Reports 4Q11 UAS results http://www.bne.eu/dispatch18783#290570 29 January 2012 News: State-owned Oschadbank, the second largest bank in Ukraine by assets, ... UkrsotsbankÑ Reports neutral 4Q11 UAS results http://www.bne.eu/dispatch18783#290573 January 27, 2012 News: Ukrsotsbank, the 6th largest Ukrainian bank by assets, finished 2011 with ... Megabank posts 72.4% rise in net profit in 2011 http://www.bne.eu/dispatch18783#290576 January 27, 2012 The net profit of Megabank (Kharkiv) in 2011 stood at UAH3.493m, 72.4% up on ... Ukreximbank Ñ Modest 4Q11 UAS results http://www.bne.eu/dispatch18783#289495 January 27, 2011 News: State-owned Ukreximbank, the third largest Ukrainian bank by assets, ... Prominvestbank plans to increase net assets by 6.4% in 2012 http://www.bne.eu/dispatch18783#290582 January 25, 2012 Kyiv-based Prominvestbank is planning in 2012 to increase its net assets by ... FUIB Ñ Reports good 4Q11 UAS results http://www.bne.eu/dispatch18783#290585 29 January 2012 News: First Ukrainian International Bank, the 9th largest Ukrainian bank by ... Bank Khreschatyk sees net loss drop by 5.8 times in 2011 http://www.bne.eu/dispatch18783#290588 January 26, 2012 The Kyiv-based Bank Khreschatyk in 2011 saw its net loss drop by 5.8 times, to ... Kernel HoldingÑ Attracts $100m loan http://www.bne.eu/dispatch18783#290591 January 27, 2012 News: WSE-listed Kernel Holding, the largest Ukrainian sunflower oil producer, ... Ukreximbank Ñ Modest 4Q11 UAS results http://www.bne.eu/dispatch18783#290595 29 January 2012 News: State-owned Ukreximbank, the third largest Ukrainian bank by assets, ... Credit Europe Bank shutting down retail business in Ukraine http://www.bne.eu/dispatch18783#290598 January 26, 2012 Credit Europe Bank (Kyiv, part of Credit Europe Group NV) has decided to shut ... FUIB Ñ Reports good 4Q11 UAS results http://www.bne.eu/dispatch18783#290601 January 27, 2012 News: First Ukrainian International Bank, the 9th largest Ukrainian bank by ... Bank Pivdenny sees 25% rise in net profit in 2011 http://www.bne.eu/dispatch18783#290602 January 27, 2012 The net profit of Bank Pivdenny (Odesa) in 2011 came to UAH53.2m, which is 24.9% ... Azerbaijan sees 34% rise in population deposits year-on-year http://www.bne.eu/dispatch18783#290605 January 24, 2012 As of December 1, 2011, the volume of Azerbaijani populationÕs deposits rose ... Azerbaijan: Access Bank borrows loan from abroad http://www.bne.eu/dispatch18783#290608 January 27, 2012 Access Bank borrowed $15 mln from European Fund for Southeast Europe. Bank ... Mongolia: TDB'S 2011 NET PROFIT MORE THAN DOUBLES TO 35M USD, CAPITAL DOUBLES TO 129M USD IN OVERHEATING ECONOMY AND VERY RAPID PACE OF CREDIT GROWTH http://www.bne.eu/dispatch18783#290611 January 25, 2012 Highlights: ¬ TDB interest income 143B MNT, up 61% yoy ¬ TDBÕs other income ... Romania banks lose EUR100m, less than in 2010 http://www.bne.eu/dispatch18783#290613 January 23, 2012 Romania's banking sector last year posted a loss of almost RON 430 M (EUR 100 M) ... Romania's Banca Transilvania chief suddenly resigns http://www.bne.eu/dispatch18783#290615 January 23, 2012 Romania's Banca Transilvania said on Friday its director general Robert Rekkers ... 15 percent of the bank "Snoras" creditors have submitted their claims http://www.bne.eu/dispatch18783#290617 January 23, 2012 As only 15 percent of all the expected creditors' claims have been submitted to ... EC to investigate state aid to Latvian bank http://www.bne.eu/dispatch18783#290619 January 26, 2012 Ahead of a sell off of assets, the European Commission granted temporary ... Money supply indicators calm after tempestuous December http://www.bne.eu/dispatch18783#290621 January 25, 2012 Money supply indicators in Latvia have calmed after the collapse of Krajbanka ... Estonian NPLs drop, but so does lending growth http://www.bne.eu/dispatch18783#290623 January 24, 2012 Non-performing loans and leasing payments dropped in Estonia in December but ...