Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Sberbank, VTB Surge as European Leaders Ease Bank Debt Rules

OAO Sberbank and VTB Group, Russia’s biggest lenders, rallied after European leaders agreed to ease repayment rules for the region’s troubled lenders.

VTB gained 6 percent to 5.71 kopeks by the close in Moscow, the biggest jump since October 2010. Sberbank rose 4.4 percent to 86.39 rubles, the most since May 29.

Financial shares climbed after European Union President Herman Van Rompuy said leaders of the 17 euro countries dropped the requirement that governments get preferred creditor status on crisis loans to Spain’s banks. MSCI Inc.’s Russia Finance Index added 6.9 percent to 551.31, the biggest jump since Nov. 30.

“The financial sector is outperforming today,” Farhan Kazmi, the head of emerging-market equities at Credit Suisse Group AG in Moscow, said by phone. “Markets, such as Russia, follow the lead of what’s going on in the Eurozone in absence of the domestic newsflow. The European decision is not a game changer, but it buys time.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.