Banks

Sberbank releases Financial Highlights for 1M 2017 (under RAS; non-consolidated). Key highlights for January, 2017: The Bank earned net profit of RUB57.9 bn; The Bank lent RUB100 bn to retail clients, which was the largest amount of loans issued in the month of January.

On January 30, 2017 AK BARS Bank held an Extraordinary General Meeting of Shareholders.

Sberbank CIB announces that Sberbank (Switzerland) AG has successfully delivered the first gold bullion consignments to Jaipur, Mumbai and New Delhi for Indian corporates who are authorised by the Indian Ministry of Commerce to import gold.

Vnesheconombank and the Government of the Republic of Hungary have agreed to settle Malev Hungarian Airlines’ bank debt. The relevant settlements have been arranged during the working visit of the Russian President Vladimir Putin to Hungary.

On 3 February 2017, the Bank of Russia Board of Directors decided to keep the key rate at 10.00% p.a.

ADB approved $2.5 billion in new private sector financing in 2016. Together with cofinancing, ADB mobilized $8.3 billion for private sector projects in the region, a 15% increase over last year and a new record for the multilateral.

Sberbank will be a partner of the Innotribe Startup Challenge for Russia.

The EIB Group provided EUR 619 million in new loans, guarantees equity in the Czech Republic in 2016, of which EUR 526 million from the EIB and EUR 93 million from its subsidiary the EIF.

Preparatory work has begun for a proposed project to improve food security in Tajikistan by boosting dairy production while making the industry more resilient to climate change.

EU Bank President Werner Hoyer has laid out the EIB Group’s contribution to creating jobs and growth in Europe by supporting projects and investment in SMEs, key infrastructure, innovation and the environment.

The new loan will help Colombo Municipal Council to achieve its goal of providing full sanitation coverage to benefit people living and working in the greater Colombo area.

BB&T Corporation (NYSE: BBT) today reported earnings for the fourth quarter of 2016.

In 2016 the European Investment Bank (EIB), the EU’s long-term lending institution, fostered projects in Finland with financing totalling EUR 2.22bn.