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Russian banks are becoming more reliable

Financial newsInternational rating agency Standard & Poor's raised the reliability of the Russian banking system, moving into a higher group reliability 7.

In this decision the agency attributed the maintenance of adequate levels of liquidity of the Russian banking system during the global financial crisis. Government and regulatory bodies positively affect the stability of the banking system.

Standard & Poor's divides the reliability of banking systems in 10 groups. Five years ago the Russian banking system was in the ninth group, with such countries as Guatemala, Tunisia and Uruguay. In 2007, the agency moved Russia in the eighth group, which included Argentina, Egypt, Indonesia, Morocco and Kazakhstan. Justifications - sustained economic growth of Russia, a significant level of liquidity and increasing diversification of banking business.

Source: BanksDaily.com
Date: 07.08.2008 [183]

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

 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

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