Sberbank SBER.MM , Russia's biggest bank, sees its annual net profit rising to around RUB1trn ($17bln) by 2020.
The bank lifted its late liquidity window to 12.75% from 12.25%.
The investment was made through Abraaj's Anatolia Growth Capital Fund, which invests in high growth companies
Start the new year with some financial breathing room
Kuwaiti decision set the country apart from other wealthy Gulf Arab oil exporters in the region
India took home the crown as the top-receiving country for earnings made by migrants
Around $1.5bln for the fund will be raised from the region, while the remaining $500mln has been secured from a consortium of investors.
The event enhances the long-standing relationship between the DFSA, the City of London and the UK’s financial services community.
Salman also said Saudi Arabia will work to enable the private sector to become a partner in development.
Italian audit court prosecutor said U.S. bank Morgan Stanley could make plea bargain in legal case over derivatives contracts struck with Treasury in Rome.
Trading bitcoins entered a new phase today, after Chicago’s CBOE listed the first futures contract on the cryptocurrency. The initial reaction was beyond expectations with the futures contract climbing more than 20 percent and triggering two trading halts.
Responsible investment and FinTech are both a response to the failure of the financial sector to fully play its expected role in society