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February 12, 2016 2:37 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 Director of General Economic Department
Age: 62
Deputy Chairman and Head of In-House Financial Markets Regulator
Age: 45
Chief Accountant and Director of the Accounting & Reporting Department
Age: 61
Head of the Central Bank - Moscow Branch and Member of the Supervisory Board for Russia's Savings Bank (Sberbank)
Age: 67
Head of the Central Bank - St Petersburg Branch and Director
Age: 62
Compensation as of Fiscal Year 2015.

The Central Bank of the Russian Federation Key Developments

The Central Bank of the Russian Federation, Board Meeting, Jan 29, 2016

The Central Bank of the Russian Federation, Board Meeting, Jan 29, 2016.

Central Bank To Privatize Sberbank

In an interview with Handelsblatt, German Gref, the Chief Executive Officer of Sberbank of Russia OJSC (MICEX:SBER) said, that The Central Bank of the Russian Federation could keep 25% during the transitional period. But in principle, nobody opposes a full privatization of Sberbank, TASS reports.

Central Bank of Russia Suspends Insurance License of Strazh-Invest SK OOO

On October 7, 2015, the Central Bank of Russia suspended an insurance license of Strazh-Invest SK OOO. The license suspension comes after the company failed to properly execute the regulatory instructions, in particular the company failed to observe the requirments for financial sustainability and solvency in terms of creation of the insurance reserves, procedure and conditions of investing own funds and insurance reserve funds. The license suspension means the ban on signing new insurance agreements and making amendments to the respective agreements that result in an increase in liabilities of the insurance entity. The insurance company must accept notices of the occurrence of the insured events and meet its liabilities.

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