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Tuesday’s news of the banking sector

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Tuesday’s news of the banking sector

Tuesday’s news of the banking sector
July 12
14:00 2016

From 12 July Sberbank has brought down the rates on foreign currency deposits

Since 12 July Sberbank of Russia has brought down the rates for deposits in Euros and US dollars, as the press service of  Sberbank informed the agency “Interfax”.

“The changes are due to the general trend of lowering interest rates in the market, raising funds in foreign currency as well as increasing the required reserve ratios on liabilities of banks and the  insurance contribution rate in the Deposit Insurance Agency”, – stated the press service.

Now for the most profitable foreign currency deposit “Save” the biggest rate is 1.38% per annum in dollars and 0.3% in the euro, considering the capitalization of interest.

As previously known, from 7 July Sberbank has reduced interest rates for ruble deposits. In general, the decrease ranged from 0.35 percentage points up 1.15 percentage points, depending on the duration and type of the deposit. Also, the rates on savings certificates were reduced by0,55-1,3 percentage points.

The ruble is increasing against the dollar and the euro at the bidding start on Tuesday

At the Moscow stock exchange the US dollar and the euro fell on Tuesday while opening the trading session. The ruble has been stabilized due to the increase in oil prices.

On Tuesday the bidding on the Us dollar started with the deals at around 63,72-63,95 rubles. In average for the first two minutes the exchange rate was equal to 63.82 rubles. The euro exchange rate amounted to 70.75 rubles; the currency basket was worth 66.94 rubles.

Herewith the dollar was at around 38 kopecks lower than the current rate index, the euro – seven kopecks below the current rate.

According to the specialists of the “Interfax-CEA” the ruble increase against the dollar and the euro is due to the increase in oil prices. Oil slightly grows in price on Tuesday amid reports of oil shipment disruptions in the main port of Basrah in Iraq. The disruption happened because of the oil spill from the pipeline. In addition, the market expectation of the next weekly data on the level of the US fuel stocks affects the oil increase. On the London Stock Exchange the price of futures contracts for Brent crude oil for September increased by more than 0.5% up to $ 46.5 per barrel at the beginning of the day.

Central Bank has found a pseudo bank in the Internet

The Bank of Russia told about the pseudo bank that operates in the Internet at the following address The bank offers financial services on behalf of Metro Neal Guardian Bank (MNGB). The website of the bank has been registered to a private individual. The Central Bank placed this information on its official website, saying that the license for banking services wasn’t issued for the organization.

The Central Bank transmitted the information about the pseudo bank’s site to the Prosecutor General’s Office.

“In this regard the Bank of Russia pays attention of legal entities and individuals on the need to use exclusively addresses of web-sites of credit institutions for online banking services, which have the Bank of Russia license to conduct banking operations. The information about them is available on the official website of the Bank of Russia” – stated on the Central Bank website.

The MNGB site contains the information that the company is registered in Washington, DC and has a branch office in Moscow. But the company is impossible to be reached by the phone numbers given on the site.

The site also has ITN (Individual Taxpayer Number), which is not in the SPARC (System of Professional Analysis of Markets and Companies) as well as a fake number of the Bank of Russia’s license. The pseudo bank offers to issue Visa and MasterCard credit cards. In addition, the site says that “bilateral agreements have been reached” between the MNGB and Raiffeisen Bank .”Now, making payments and international transfers has become easier and more affordable,” – reads the message of 16 September, 2015.
But the press service of the Raiffeisen Bank denies the connection with the MNGB. At the request of the RBC journalists, the press service said that “Raiffeisen Bank has never entered into a partnership with Metro Neal Guardian Bank. ” The Logo of Raiffeisen Bank was used by the organization without the approval of the bank”, – said the press service.

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