Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
Bloomberg: Non-OPEC states agree to cut oil production by more than 600,000 barrelsBusiness & Economy December 10, 16:22
More than 20 states that produce more than half of world's oil take part in OPEC meetingBusiness & Economy December 10, 13:05
Russian energy minister Novak sees 'no risk' OPEC agreement failsBusiness & Economy December 10, 12:43
Defense ministry organizes mass escape for Aleppo civilians via humanitarian corridorsWorld December 10, 12:38
Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
The Russian Central Bank has revoked licenses from Mesed Innovation and Commercial Bank based in Dagestan in North Caucasus and the Moscow-based Mezhotraslevaya Bankovksaya Korporatsiya (MBK) and Online Bank, the regulator said.
None of the banks worked actively with households or were members of the deposit insurance system. The banks were small credit institutions operating in their home regions.
The Russian regulator has revoked licenses from 50 credit institutions since the start of the year in an ongoing effort to restructure the domestic banking system and ensure its stable development. The Moscow-based First Republican Bank was the largest credit institution (109th place by assets) stripped of its banking license this year.
A total of 877 banks operated in Russia as of August 1, according to the Central Bank’s banking sector survey.
Central Bank head Elvira Nabiullina has said that the effort to clean the banking sector of inefficient operators is not a temporary campaign and will continue.
The process when inefficient operators quit the market makes the banking system healthy and raises people’s confidence in the country’s financial system, she added.
“Periodic decisions related to license revocations will continue to be taken.