Loan

Tag: Loan

Two bankers put in detention in Moscow on suspicion of $13.5 mln withdrawal

A court in Moscow put a former chair of board of one of the commercial banks and his deputy in detention on suspicion of illegal takeaway of more than one billion rubles (about $13.5 million) through unsecured loans.

16:14 26.04.2021

Former co-owner of Spar retailer put under house arrest in embezzlement case

A former co-owner of a company heading retailers Spar, Semya (Family) and Idea Allakhverdi Abdullayev, charged with being accessory to embezzlement of 8.65 billion rubles ($117.5 million) from Sberbank, was put under house arrest until May 9.

16:17 12.03.2021

Russia’s Prime Minister approves new business support program

Chairman of Russian Government Mikhail Mishustin has signed an order concerning the conditions of a new privileged loan program for businesses from sectors which had mostly suffered during the coronavirus pandemic.

11:59 01.03.2021

Businessman to spend nearly 5 years in prison for $7 mln embezzlement

A court in the Murmansk Region has sentenced a businessman to 4 years and 10 months in prison for embezzling over 500 million rubles (about $7 mln) of credit funds.

13:26 05.02.2021

Businessman accused of $4 mln theft from bank extradited from Egypt to Russia

Egypt has extradited a former top manager of a Russian company charged with abuse of office and stealing over 300 million rubles ($4 million) from a bank.

10:55 10.12.2020

Investigators launch probe in terms of Cypriot Netcore Solutions’ loan to CFB bank

Russian investigators are examining the situation with regard to a subordinated loan agreement made between Corporate Finance Bank LLC and Cypriot company Netcore Solutions Ltd.

17:56 08.12.2020

VIM Airlines co-owner arrested in absentia in fraud case – court

The Moscow Basmanny District Court has arrested co-owner of VIM Airlines company Svetlana Mursekayeva in absentia in a case over credit fraud.

14:35 27.11.2020

Moscow court satisfies VTB claim as to recovery of $873M from company

The Moscow Commercial Court has ruled in favor of VTB bank answering its claim to recover $873 million from company Otkrytye Promyshlennye Investitsii (OPI) under a loan agreement.

18:00 26.11.2020

Russian lawmakers to discuss legislative proposal to ban microfinance organizations

A bill envisaging to declare void a federal law on microfinance organizations has been submitted to the State Duma, the lower house of Russia’s parliament.

16:14 06.11.2020

State Duma to discuss bill obliging banks to state reasons behind denials of credit breaks

A bill envisaging that creditors are to be obliged to explain their reasons for denying credit or mortgage breaks to borrowers has been submitted to the lower house of Russia’s Parliament.

17:47 05.11.2020

Russia's Supreme Court clarifies procedure for granting loan and mortgage grace periods

Banks are obliged to grant grace periods to individual borrowers whose finances were gravely affected by the measures introduced to combat the coronavirus outbreak, Russia’s Supreme Court materials on specifics of proceedings amid the pandemic read.

15:49 30.04.2020

Russia’s banks grant lax credits to finance wages twice more actively over week

The office of Russia’s Business Ombudsman Boris Titov has completed its second controlled drawing of preferential credits aimed to finance wages and salaries reporting persisting problems but more optimistic results as compared with its first such operation.

15:58 24.04.2020

Russia’s government to back loans businesses make to pay wages – State Duma

Russia’s State Duma has passed in the third final reading a bill providing state guarantees to businesses amid the coronavirus pandemic, among them those concerning funds enterprises borrow to pay wages and salaries.

17:24 17.04.2020

Central Bank passes further steps to protect Russian citizens’ interests

The Central Bank has established additional measures to protect the interests of Russian citizens.

16:18 17.04.2020

Russian Government sets maximum loan amount for repayment holidays approval

Russia’s Cabinet of Ministers on Monday approved maximum consumer loan values falling under the repayment holidays set due the coronavirus outbreak.

11:03 06.04.2020

Russia's State Duma adopts repayment holiday bill amid coronavirus spread

The lower house of Russian parliament, the State Duma, adopted in a final third reading on Wednesday a bill on repayment holidays drafted over the coronavirus epidemic.

13:25 01.04.2020

Moscow FAS office launches case against VTB over improper advertising of loan

The Moscow office of the Federal Antimonopoly Service (FAS) has opened a case against VTB bank over inappropriate advertising of a loan.

15:25 10.02.2020

Russia’s Uralsib bank fined $14,500 for ads spam

The Federal Antimonopoly Service’s Moscow Region Directorate (FAS) has fined Uralsib bank 900,000 rubles ($14,500) for spam advertising loans.

17:06 24.01.2020

Over $130 mln collected from Otkritie Holding in favor of Trust bank

The Khanty-Mansi Autonomous Area Commercial Court has granted a claim lodged by the National Bank Trust and recovered 8.28 billion rubles (over $130 million) against Otkritie Holding.

16:52 22.01.2020

State Duma to consider bill on fines for banks breaching debt repayment rules

Russia’s State Duma is to discuss a bill envisaging amendments to legislation as to fines on credit organizations violating the law governing recovery of outstanding loan debts.

17:42 12.11.2019