Free press releases distribution network?

Agency / Source: RNCOS E-Services (P) Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Foreign Capital Inundating the Banking Sector in Russia - Russian banking sector is rapidly gaining the attention of foreign investors, who are showing their willingness to invest in it. It’s expected that the inflow of foreign capital in this sector would exceed US$ 70 Billion mark this year
Foreign Capital Inundating the Banking Sector in Russia

 

PRZOOM - /newswire/ - Delhi, New Delhi, India, 2007/07/23 - Russian banking sector is rapidly gaining the attention of foreign investors, who are showing their willingness to invest in it. It’s expected that the inflow of foreign capital in this sector would exceed US$ 70 Billion mark this year.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

As per RNCOS report on “Russia Banking Sector Analysis (2006-2009)", it has been found that foreign capital is rapidly increasing its presence in to the various sectors of Russian economy. In 2005, there were about 51 credit institutions in the banking sector in Russia that were controlled by foreign capital, whereas the number was 42 in 2003.

Inflow of foreign capital in the country reached US$ 60 Billion in the initial five months of this year (2007), Sergei Ignatyev, Bank of Russia’s Chairman told the sixteenth International Banking Congress held in St. Petersburg on June 7, 2007, as reported by RBC news on the same day.

Auctions for the insolvent oil company Yukos’ asset, initial public offerings by the state run retail saving-bank Sberbank, and govt. controlled foreign trade-bank VTB (Vneshtorgbank) remained the key contributors to the sharp spike in capital inflow in Russia, added Ignatyev.

Alexei Koudrine, Finance Minister of Russia, said that he estimated the overall capital inflow would hit a record US$ 70 Billion mark this year, whereas it was just US$ 42 Billion last year (2006).

In its recently published market research report on “Russia Banking Sector Analysis (2006-2009)" RNCOS has found, “Russia is being viewed as a highly lucrative economy by foreign investors. Financial indicators in the country have further strengthened with the timely reimbursement of foreign debt by the state. Foreign controlled banks’ assets grew by almost 49.3% in 2005 and their own capital expanded by around 56.4%. Consequently, foreign controlled banks’ share in the assets of aggregate banking sector grew from nearly 7.6% in 2004 and reached about 8.3% in 2005. And, their own funds increased from about 7.8% to almost 9.2% during the same period.”

The report provides an objective analysis of the various aspects of banking sector in Russia. Key issues addressed in this report include: how competitive is the market landscape of banking industry in Russia, what are the various opportunities & challenges that exist in this industry, what are the prospective areas of investment for the banks in the near future, and so on.

About RNCOS E-Services Pvt Ltd.

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: RNCOS E-Services (P) Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Foreign Capital Inundating the Banking Sector in Russia

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Shushmul Maheshwari 
+91 12 04224700 press[.]rncos.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RNCOS E-Services (P) Ltd securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From RNCOS E-Services (P) Ltd / Company Profile


Read Financial/Legal/Venture Most Recent Related Press Releases:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today