banking
Russia's largest bank, Sberbank, will open more than 40 branches in the Russian-occupied territories in eastern and southern Ukraine next week. According to the state news agency TASS, Sberbank boss German Gref said at the firm's annual general meeting in Moscow that there will be 26 branches in the Luhansk, Donetsk, Zaporizhzhya and Kherson regions, some of which will be housed in partners' offices or in local citizens' offices. There would also be 16 mobile branches. The number of Sberbank ATMs in Donetsk and Luhansk will be increased to 65, he said. The appearance of the Russian banks, like...
DPA Breaking News
Lithuania's government wants to extend the current excess profits tax imposed on banks for another year. The Cabinet in Vilnius decided on Wednesday to keep the regulation introduced last year in force until 2025. Lithuanian media reports suggest the additional revenue for the Treasury will be used to finance rising defence spending, which is to be increased to 3% of gross domestic product (GDP) in the coming years. The parliament of the Baltic EU and NATO country still has to approve the plan. Under the current regulations, banks must pay an additional statutory levy of 60% in 2023 and 2024 o...
DPA Breaking News
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