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Financial results of TBank and Rosbank for 10 months of 2024, and what this means for investors
... to an increase in interest income, but investors should be aware of potential risks associated with the quality of loans.
Attracting customer funds: Growing deposits and funds in customer accounts strengthens the banks' liquidity and their ability to finance further growth.
Integration and synergies: The merger of TBank and Rosbank may lead to operational synergies, cost reduction and expansion of the product line, which will have a positive impact on future financial results.
Overall, the current ...
Profile of the Average Russian Investor
... who invest have permanent full-time employment (for them, investing is an additional source of income). They typically have higher education, with 36% occupying managerial positions. Thus, overall higher education certainly influences the interest in finance and investments.
Only one in five individuals understands investments; the majority—61%—possess superficial knowledge, and 21% do not understand investment concepts at all. This is related to the introduction of investor categorization. Currently,...
Key Economic and Investment Events on November 23, 2024
... whose total income from interest exceeds the tax-exempt minimum.
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Impact on Russia:
The expected inflation exceeding the Central Bank's forecasts may lead to a tightening of monetary policy, affecting the cost of credit and the availability of financing for businesses and consumers. The enacted legislative measures are aimed at supporting specific categories of citizens and increasing control in the migration sector, potentially influencing the socio-economic situation in the country. The introduction ...
An expert assessed the impact of increased gas supplies to Europe on the growth of industry revenue
... station remains stable.
"Federal budget revenues from MET and export duties on gas in the first eight months of 2024 increased by 9% compared to the same period in 2023, or by 98 billion rubles in absolute terms, according to the Ministry of Finance. A key factor was the increase in gas supplies to Europe, which ultimately led to an increase in gas production," he noted.
Referring to data from the European Network of Transmission System Operators for Gas (ENTSOG), the expert clarified ...
An expert assessed the risks of a decline in oil prices.
... revenues will be partly offset by the depreciation of the ruble, which will lead to an increase in the cost of oil in ruble terms. Another favorable factor for the budget will be the very structure of oil and gas revenues. According to the Ministry of Finance, in the first 11 months of 2024, 83% of oil and gas revenues (before subsidies to refineries) came from just two taxes: the mineral extraction tax (MET) on oil and the additional income tax (AIT), which accounted for 68% and 15%, respectively,...