Contents tagged with Raiffeisen Bank Aval
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Investors refuse to lend to Russian government
The Russian government continues to struggle to borrow money on the market due to the mass exodus of foreign investors and the reluctance of the major Russian banks to risk US sanctions, finanz.ru reports.
At the auction which was held on Wednesday, the Russian Finance Ministry failed for the second consecutive week to raise the targeted capital through Federal Loan Bonds (OFZs).
Investors were offered 15 billion rubles of 3-year bonds and 5 billion of 11-year bonds, but the budget was only …
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More than $6 billion withdrawn from Russian banks in one month
The outflow of capital from the Russian banking system has picked up speed once again, according to a new survey by Raiffeisen Bank.
In August, corporate clients withdrew $4.9 billion from their accounts, 60% more than in July ($3 billion). The funds were partially used to repay foreign debt, the refinancing of which has come to a halt due to tightened sanctions on Russia from the US and EU. According to the Central Bank of Russia, companies had to make $3.1 billion in repayments.
Several …
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Raiffeisen Bank Aval sues the National Bank Of Ukraine
The Kyiv District Administrative Court opened proceedings on the lawsuit filed by Raiffeisen Bank Aval against the National Bank of Ukraine (NBU) demanding cancellation of the 4.9 million UAH ($190,810.00) fine imposed on them, as stated in Decree No. 826/9684/17 dated August 4th, FinClub reports.
“Bank Aval PJSC appealed to the Kyiv District Administrative Court with an administrative claim against the National Bank of Ukraine requesting to recognize as unlawful and cancel the decision dated …