Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam emails!
Advertise Your Business Here
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Financial and Banking News

The Russian IPO market will reach a record volume of $32 bn

Financial newsAccording to analysts of Alfa-Bank, the Russian IPO and SPO market will, at year-end, reach a record volume of $32 bn, with nearly 40 placements ranging from $29 bn to $54 bn expected in 2008.

Among the investors are: banks, metallurgical, electric power and real estate companies. In 2007, as in previous periods, investors focused on larger deals. The average volume of IPO and SPO deals was $1.3 bn, taking into account the large placements by VTB and Sberbank, or $526 mln without them, with similar figures in the emerging markets (not including Russia) being a mere $150 mln.

Placements by small and mid-size companies in the second half of 2007 proved to be successful, in spite of the liquidity crisis. In August-December, 12 companies offered $6.4 bn, with an average deal volume of $533 mln. It was not only the external market factor that contributed to the success of IPOs, but also the investor-friendly parameters of placements.

The proportion of offerings changed to the advantage of the Russian trading floor. If in 2005 94% of placements by Russian companies took place in the West, in 2007 52 percent of them were in Russia. IPO/SPO second market liquidity is drifting towards the Russian market.

The sector structure of placements also changed, the large-scale offerings by non-primary companies resulted in a decreased volume of liquid shares in the oil-and-gas sector from 68 percent at the end of 2006, to 55 percent in November 2007. In 2007, IPO/SPOs in banking and retail covered 68 percent of placements.

The earning capacity of securities issued in 2007 is far above the RTS yield index. Of the 30 primary and follow-on offerings in 2007, half of them (including VTB Bank) were traded below the initial price (maximum discount - 56 percent), with all others sold to the highest bidders (maximum growth - 75 percent).

Source: Alfa-Bank
Date: 04.01.2008 [158]

Financial and Banking News
 Banks may need political help to survive Big Tech

First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the "real game changer." 09.12.2019 | Source: Bloomberg

 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

 International Banking Exhibition and Conference will be held in Baku

"Digital Banking and Security" titled International Banking Exhibition & Conference will be held in Baku on 17-18 of April, 2018 by FA International Trade Events. 07.02.2018 | Source: FA International Trade Events

 📰 News Archive

2007-2020 © | Rus