July 31, 2014 9:57 PM ET

Banks

Company Overview of The Central Bank of the Russian Federation

Company Overview

The Central Bank of the Russian Federation (Bank of Russia) protects the ruble and guarantee its stability. It performs various functions, including issuing currency; elaborating and pursuing a single state monetary policy in interaction with the government of the Russian Federation; exercising its exclusive right to issue currency and manages currency circulation; operating as the lender of last resort for credit institutions and managing the system of refinancing them; setting the rules to effect settlements in the Russian Federation; setting the rules to conduct banking operations; managing various categories of budget accounts; making decisions on the state registration of credit institu...

12 Neglinnaya Street

Moscow,  107016

Russia

Founded in 1990

Phone:

7 495 771 9100

Fax:

7 495 921 6465

Key Executives for The Central Bank of the Russian Federation

Deputy Chairman and Head of In-House Financial Markets Regulator
Age: 44
Chief Accountant
Age: 60
Head of the Central Bank - Moscow Branch
Age: 66
Head of the Central Bank - St Petersburg Branch and Director
Age: 61
Branch Director
Compensation as of Fiscal Year 2014.

The Central Bank of the Russian Federation Key Developments

Central Bank of Russia Announces Management Changes

The head of information technology at Rosbank, Olga Skorobogatova might be appointed deputy chairman of the Central Bank of Russia (CBR) for payment systems and settlements. The appointment might take place on July 7. Skorobogatova would be replacing CBR deputy chairman Tatyana Chugunova, who, as the Central Bank reported, is retiring effective June 30. Skorobogatova has worked at Rosbank since 2003, prior to which she worked at Moskva Bank and Avtobank.

The Central Bank of the Russian Federation, Board Meeting, Jul 25, 2014

The Central Bank of the Russian Federation, Board Meeting, Jul 25, 2014.

The Central Bank of Russia Orders the Crimean Affiliates of Nine Ukrainian Banks to Cease Operations

The Central Bank of Russia has ordered the Crimean affiliates of nine Ukrainian banks to cease operations. The banks affected are: Oschadbank, Marfin Bank, Ukrsotsbank, UkrSibbank, Delta Bank (Kyiv), CityCommerce Bank, Forum Bank (Kyiv), AvtoKrazBank and Platinum Bank. The decision on the termination of the activities of the Ukrainian banks' divisions was prompted primarily by the task to protect the interests of depositors and customers whose legitimate rights had been violated, including as a result of the actual termination of work of these banks' divisions in the Republic of Crimea and the federal city of Sevastopol, as well as the lack of prospects for resuming their activities. As a result, there was not any other opportunity to ensure an effective protection of the rights of depositors and customers of these banks living (engaged in economic activities) on the said territories, except for terminating the activities of the banks' divisions.

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