Global Banking Directory
Press Release Distribution Service
Add Bank | Forum | Scam emails!
Open Banking 2019: A Canadian Lens
Domains for Sale
  • FisFin.com is for Sale!
    Excellent domain name for financial companies.
    Premium domain!
  • BankDep.com is for Sale!
    Sounding domain name for a deposit marketplace.
    Premium domain!
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Financial and Banking News

Russia's central bank will reduce its stake in Sberbank to 50% plus one voting share

Russia's central bank is selling 7.58% of OAO Sberbank, the country's largest lender, as the government seeks to reduce its role in the economy.

Bank of Russia is offering the equivalent of 1.71 billion shares in ordinary and global depositary stock at a range of 91 rubles to the market price at the time the order book closes, the Central bank and Sberbank said in a statement today. A sale at the low end of the range would raise 156 billion rubles, or $5.1 billion at the current exchange rate.

The sale will be priced in rubles and dollars, with as much as 15% of the stock being sold through the Micex Stock Exchange and the rest going to institutional investors. Sberbank said it may acquire the equivalent of 20 billion rubles of ordinary shares in the offering at the same terms as other investors.

Russia's government is seeking the sale as part of its plan to raise 1.5 trillion rubles through 2015, according to the Finance Ministry. Central bank's stake in Sberbank will fall to 50% plus one share after the share sale.

Sberbank shares rose 4.6% to 96.99 rubles in Moscow on Sept. 14, valuing the company at about $69 billion.

Credit Suisse Group AG, Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co. (JPM), Morgan Stanley (MS) and Troika Dialog, a unit of Sberbank, are managing the sale, according to the statement.


Date: 17.09.2012 [329]


Get your content published on BanksDaily.com
Financial and Banking News
 Trump blasts Bitcoin, Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank." 11.07.2019 | Source: Reuters

 Havin Bank Ltd selects ifinancial’s AMLtrac software to enhance its AML procedures

Havin Bank Ltd, the only bank with entirely Cuban capital established outside Cuba, has chosen the KYC and Document Management, Account Monitoring, Transaction Tracking, SWIFT message screening and Alert Management modules of ifinancial's AMLtrac software to strengthen the management and control of its compliance and anti-money-laundering risk. 19.11.2018 | Source: IFinancial

 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: MEGA

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 International Banking Exhibition and Conference will be held in Baku

"Digital Banking and Security" titled International Banking Exhibition & Conference will be held in Baku on 17-18 of April, 2018 by FA International Trade Events. 07.02.2018 | Source: FA International Trade Events

 📰 News Archive

2019 © Global Bank Directory