Banks

The two parties expressed their interest in promoting the renminbi’s (RMB) internationalization and in financing economic cooperation between China, Germany and other Belt & Road Initiative (B&R) countries.

ADB, the Governments of Australia and Papua New Guinea, and the Center for Excellence in Financial Inclusion today officially launched a Gender Equity and Social Inclusion Policy for Microfinance Institutions.

Net profit was RUB 35.3 billion (27 times increase year-on-year) in 4M 2017 and RUB 7.7 billion (11 times increase year-on-year) in April 2017.

ADB has approved a $2.75 million loan and a $2.25 million grant to help Tonga strengthen its long-term economic growth prospects as well as support and develop the country’s capacity to respond to external economic shocks.

Vnesheconombank’s Senior Vice-President for Information Technologies Nikita Smirnov took part in the conference entitled “Information Technologies of Industrial Russia-2017” (CIPR) traditionally held in the city of Innopolis, Kazan.

ADB and HFC Bank today signed two trade finance agreements enabling ADB’s Trade Finance Program to support up to $4 million of trade annually in Fiji.

The Sberbank Supervisory Board has held a meeting. The membership of the board was elected earlier today at the bank’s Annual General Meeting of Shareholders.

Sberbank announces the results of the AGM held today. Sberbank’s AGM approved the annual report and annual accounting (financial) statements for 2016.

This MOU is intended to establish a co-investment program.