Demand of foreign investors in BFL can support

The demand of foreign investors in the BFL can support the ruble in the long term – CBR

The demand of foreign investors in the federal loan bonds (OFZ) is stable in the long term could support the ruble, according to the quarterly information and analytical materials Bank of Russia “Financial Review: The conditions for monetary policy.”

The regulator notes that the demand caused by the persistence of high interest rates and sagging ruble exchange rate volatility.

Indicator carry-to-risk on the currency pair dollar-ruble (the ratio of the difference of internal and external to the volatility of rates) is currently one of the best among all developing countries. In addition, the increased buying OFZ bonds by foreign investors largely explained as increased global demand for risky assets, “- the document says the Central Bank.

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BONDS Regions of Russian Federation in hurry

BONDS: Regions of the Russian Federation in a hurry to the market, `heated&# 39; surplus

Several regions of the Russian Federation have announced plans to enter the bond market before the summer lull, deciding under the conditions of excess liquidity in the market does not wait for a possible reduction of the cost of the Bank of Russia loans in mid-June.

“The market is now warmed up, – said on the phone the deputy chief of earnings management and the government debt of the Volgograd Region Marina Kopaneva. – The market did not immediately react to the decision of the Central Bank to change the key rate. A couple of weeks is nothing to give. “

Russian bond rates falling on the background of monetary easing policy of the Central Bank of the Russian Federation and the surplus liquidity in the banking sector. The yield on bonds of the Moscow region fell by more than 100 basis points, reaching a low of 8.50 percent since the location in November.

Earlier this week, Yaroslavl region held a placement of 10-year bonds for 7.5 billion rubles, and the authorities of the Volgograd region on Friday to hold an auction of bonds by 10 billion rubles. Samara and Belgorod regions in June, also intend to raise funds on the market.

“Regions that are allowed to fiscal rules seek to take advantage of excess liquidity in the bond market and the continuing demand for paper to replace the bonds more expensive to service bank loans to finance projects in the conditions when the Ministry of Finance stingy on funding because of the budget deficit,” – wrote email CEO of Sputnik AM Alexander Losev.

See also: Central Bank: inflation expectations in May fell to 10.3% from 11% in April.

  • “The moment is now good, but we believe that the key rate will be reduced, and the yield will be lower, because inflation is already in the region of 4 per cent, so the later one could take and cheaper” – said on the phone the portfolio manager of the Criminal Code “Alfa Capital” Eugene Zhornist
    • "It is important that the trend continues and the key rate will come to 6.5-7%"
  • coupon benchmark 7-year amortization bonds of Volgograd region at auction June 2 is 9.2-9.5 per cent per annum, the placement volume – 10 billion rubles
  • Samara region will offer on June 9 auction of 7-year depreciation of 10 billion rubles bonds
    • Benchmark rate of the 1st coupon: 8.4-8.6 per cent per annum
    • Possible reduction in the key rate would not allow the Samara Region to raise funds more cheaply because it is already priced in; if the Central Bank keep rates may start correction: Deputy Finance Minister Elena control Zyabkina email
  • Belgorod region June 20 will begin placement of 7-year depreciation of bonds is 4 billion rubles
  • According to the median forecast of analysts and economists surveyed by Bloomberg, the CBR will reduce the rate on June 16 by 25 basis points to 9 per cent per annum

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VEB will sign 10 agreements with innovative companies

VEB will sign 10 agreements with innovative companies to finance projects

Vnesheconombank plans to sign at the St. Petersburg International Economic Forum more than 10 agreements with innovative companies to finance their projects, including a project to create a flying motorcycle, he said in an interview with Tass Bank Sergey Gorkov.

“We are signing here in the forum for more than ten agreements with innovative companies to develop new innovative projects”, – he said bitterly. According to him, it is a project to build a flying motorcycle, development of free Wi-Fi networks in public places and small satellites.

As reported recently, Sergey Gorkov, a lecture to students of Kazan (Volga) Federal University, VEB plans to present at SPIEF, which will be held June 1-3, a flying motorcycle design.

According to him, this is a Russian design, in which VEB has invested, and it is a completely new and promising form of transport: it is not a drone, a device that is capable of carrying a person, while 20 km at a speed of 80 km / h.

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EDIT head of VTB 24 was not included in updated

EDIT: The head of VTB 24 was not included in the updated composition of VTB Management Board members

The Supervisory Board of VTB Bank elected a new member of the Board of the credit institution. It does not included the head of VTB 24 Mikhail Zadornov VTB and member of the board and the Holding Company “VTB Capital” Victoria Vanurina, reported today in the press service of VTB.

In total 14 people were elected to the board. The new face of the board was Anatoliy Pechatnikov. He became a member of the Board as Deputy President – Chairman of the Board of VTB Bank.

The press service of the credit organization clarified that the printers will oversee the retail business of VTB Group.

In addition, the bank stressed that the board can not be considered completely formed in connection with the upcoming addition of VTB 24 to VTB.

Mikhail Zadornov became a member of VTB Management Board at the end of December last year. As head Zadornov, VTB24 has held since mid-2005.

Victoria Vanurina became a member of VTB Bank Management Board in 2011. Vanurina previously served as senior vice president of VTB Bank. VTB Group is working since 2008 and is engaged in the development of the investment business.

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Sberbank plans to convert one of Komi areas on

Sberbank plans to convert one of the Komi areas on non-cash payments

Sberbank CEO German Gref and the head of the Komi Republic Sergey Gaplikov on Friday signed an agreement on cooperation in the fields of the St. Petersburg International Economic Forum (SPIEF). In particular, it is intended to implement the project on transfer Kortkeros region of Komi to electronic payments, told German Gref.

“We have signed an agreement on comprehensive cooperation, including cooperation in the development of all types of contactless payments. And in the Komi Republic is one of the areas we have agreed to make a non-cash area “, – he said.

Gref said that such a project to transfer to cashless and contactless payments using a multi-function card is implemented in Zelenogorsk (Krasnoyarsk Territory). “And we will continue this cooperation in the Komi Republic in one of the areas at the request of the head of the republic. And I hope that will also bring positive results “, – he said.

According to the press service of the head of the region, in the agreement, in particular, identify areas of cooperation in the field of information and payment services, and the development of cashless payments in the territory of the region, creation of a single payment and identification tool – “Komi Republic Resident Card”. In addition, the document provides for the implementation on the basis of Kortkeros district project on introduction of modern payment instruments and technologies.

“As the largest financial and credit structure in the country, the Savings Bank has and related resources, and tools to implement in the region a number of collaborative projects, both large and small, very different direction. And what is very important, is actively expanding its presence in the Republic of Komi, the Savings Bank continues to focus on the social aspect of the activity. These trends, among others, included in the agreement “, – said the head of the Komi Sergey Gaplikov.

SPIEF is held in St. Petersburg from 1 to 3 June. This year the events of the forum are united slogan “In search of a new balance in the global economy.” TASS is the general information partner and the official SPIEF photochemical agency. In addition, the Agency operates the presentation area of ​​the forum.

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Dollar falls against Euro on Tuesday

Dollar falls against the Euro on Tuesday

During the Asian
trading on Tuesday the dollar falls
against the euro: the participants are waiting for new
statistical data from the US.

In June, the US
currency fell to 13 of the remaining 15
the most traded currencies in the world, has reached
at least one month in tandem with the euro.

Euro to 10:05 MSK on Tuesday was worth $ 1.3684 at
compared with $ 1.3693 at the close of trading 30
of June.

the yen against the US dollar amounted to
this time, 101.46 yen against 101.33 yen
eve. Changing the ratio yen
Tuesday is associated with the activity data
in the processing industry
China and welcomed by the outcome
Tankan survey conducted by the Bank
Japan.

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FTSE leave Sberbank and VTB in their indexes

FTSE leave Sberbank and VTB in their indexes

British index
FTSE provider decided to leave
Sberbank and VTB in their indexes,
the company said.

FTSE previously stated
the possibility of excluding from the index
shares of the two banks due to sanctions
the European Union.

provider viewed
two options: remove paper
VTB and Sberbank of index calculation
after the new share issue
or not to increase the weight of these banks
indexes after the new issue, after
to begin consultations with the Investor
about sanctions duration.

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