Frozen Russian assets held by Dutch banks and other financial institutions declined to €97mn from €660mn in January 2024, Tass reports citing De Telegraaf.
The numbers are provided in a report sent to parliament by Dutch Foreign Minister Caspar Veldkamp. The publication concludes that "Russian assets worth more than half a billion euros were apparently released with the approval of the ministry."
Such a release is made possible by granting payment exemptions or suspension of sanctions for the company owners. €230mn of one single unnamed company was released because it "formally distanced" from its Russian owner, according to the report.
Russia’s second-largest bank state-controlled VTB plans to divest non-core assets unrelated to banking operations within the next five years, according to Interfax citing the bank's CEO, ... more
Russian Bank Saint Petersburg (BSPB) announced paying RUB29.72 dividend per share for 2H24, implying full-year payout of RUB56.98 per share, according to Renaissance Capital citing supervisory board ... more
Net IFRS profit of Russian T-Technologies (former TCS) banking group reached RUB38.7bn ($518mn) in 4Q24, making RUB122.2bn ($1.63bn) in profit for full-year 2024 and a return on equity (ROE) of ... more