trending Market Intelligence /marketintelligence/en/news-insights/trending/cK2K4jSJuBvjhOcbCeYQ7w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Sviaz-Bank changes hands before final transfer to Promsvyazbank

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Report: Sviaz-Bank changes hands before final transfer to Promsvyazbank

State Development Corp. VEB.RF transferred the shares of its unit Interregional Bank for Settlements of the Telecommunications & Postal Services, or Sviaz-Bank, to Russia's Federal Agency for State Property Management as part of the government's plans to make PAO Promsvyazbank the lender's new owner, Kommersant reported Oct. 17.

Promsvyazbank plans to issue additional shares for the agency in exchange for Sviaz-Bank shares. After Sviaz-Bank is transferred to Promsvyazbank, the two banks will merge and Sviaz-Bank will cease to exist as a separate legal entity. The merger process, however, could take some time, Kommersant noted, citing Russian Deputy Finance Minister Alexei Moiseev.

The official also said Promsvyazbank could receive 10 billion Russian rubles from Russia's budget in December and confirmed the government's earlier plans to provide the bank with a 50 billion ruble capital injection between 2019 and 2021, Kommersant said in a separate, Oct. 16 report.

Meanwhile, the newspaper also reported that Promsvyazbank plans to sell its unit PSB-Forex. The state-controlled lender, which has been turned into a financial institution specializing in providing services to Russian defense sector firms, no longer considers PSB-Forex a core business.

The potential sale could attract many investors, including foreign exchange market players that canceled their licenses in the past and large financial groups that may need a full forex license to provide a wider range of products to their customers, the newspaper noted.

As of Oct. 16, US$1 was equivalent to 64.17 Russian rubles.