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2011.02 Banking & finance
» Sberbank registers for ADRs through SEC
By News Service | Published 09/25/2011 | 2011.02 Banking & finance | Unrated

Sberbank intends to list 5 396 737 thousand shares in the form of ADRs on stock exchanges in London and Frankfurt. Four common shares of Sberbank will be equivalent to one ADR. 

» Moscow Exchange: profit up 350% in first half of 2011
By News Service | Published 09/25/2011 | 2011.02 Banking & finance | Unrated
In the first six months of 2011, the net profit of MICEX (Moscow Interbank Currency Exchange) soared 350 percent under Russian Accounting Standards, reaching some RUR 5.6 billion or USD 200.5 million. MICEX is the biggest stock exchange platform in Russia.
» Individual reliability rating of “AAA” for VTB
By News Service | Published 09/25/2011 | 2011.02 Banking & finance | Unrated

The National Rating Agency in Russia designated the individual reliability score for VTB Capital, the investment arm of VTB Group, as “AAA”. In making its decision, the agency took into account both the company’s financial reports made under Russian Accounting Standards, as well as other non-financial data.    

» Rating for Vneshprombank is increased to “B”
By News Service | Published 09/25/2011 | 2011.02 Banking & finance | Unrated
At the end of April, the Standard and Poor’s rating agency increased the long-range counterparty issuer rating for Vneshprombank from “B-” to “B”. The national scale rating of the bank increased from “ruBBB” to “ruA-”. The bank’s short-term rating remained at “C”.
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