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Why Russian Banks Sharply Cut Credit Card Issuance in 2024 and What It Means for Consumers

... January 2024, Russian banks significantly cut credit card issuance and reduced limits on new cards, marking a notable shift in the financial market. According to data from the United Credit Bureau, the decrease was 22% compared to the same period last year, immediately ... ... tightening of the Central Bank's credit policy to a decline in consumer activity. Let's explore why banks are forced to restrict access to credit, how this affects the economy, and what prospects the market holds in the coming months. Why Are Banks Reducing ...

B2B Marketplaces in Russia: How They Help Businesses Grow

... allows farmers and agricultural enterprises to find required goods on a single platform. Financial Support The platform provides options for deferrals and credit, which is especially... ... Авито Бизнес is possible under favorable conditions, making the platform accessible even for small businesses with limited budgets. User-Friendly Interface The... ... and avoid errors. Flexible Financing Conditions Some B2B platforms, such as Open Oil Market, offer installment payments or credit, helping companies manage their working...

The Central Bank of Russia acquires the Saint Petersburg Currency Exchange: goals, consequences and prospects

... independent system that can support currency transactions without the participation of international intermediaries, ensuring financial stability. Our own currency platform will allow: To increase access to foreign currencies for companies and individuals in Russia; To support currency trading even under sanctions, which ... ... importing and exporting companies; To reduce dependence on foreign exchanges and hubs, ensuring the independence of the currency market. What will this give the Central Bank? The Central Bank will be able to more flexibly manage processes in the foreign exchange ...

Secondary Public Offerings (SPO)

... markets and the increasing demand for capital, SPOs are becoming more widespread. International experience suggests that as financial markets develop, the share of additional offerings will grow. For comparison, in major economies, every third IPO company eventually conducts at least one follow-on offering to support growth. In Russia, such data is less accessible, but there is a trend towards an increase in SPO transactions, especially among large issuers. Stages of SPO and Conducting ...

Why Does Business Need Authority in Managing Monetary Policy?

... actively pushing for changes in the country's monetary policy, calling for the government to be given the right to influence the Central Bank's decisions. The high key rate, which has reached 21%, puts companies in front of a difficult choice, limiting access to financing for investment and development. In this article, we will discuss how the proposal to change the law on the Central Bank may affect the Russian market, what prospects it opens up for investors and businesses, and what risks may arise from increased political influence on the financial system. Why Does Business Need Authority in Monetary Policy Management? Recently, the Russian business community has been actively discussing a significant proposal — granting the government the authority to influence the country's monetary ...