Date: 6 months ago   Category: Finance

Sberbank has told about influence of falling of a rate of Turkish lira on the price of sale of Denizbank — Rambler News Service


Sberbank expects that the price of the transaction on sale of Turkish "subsidiary" - Denizbank will be from $3,4 billion to $3,7 billion, despite falling of a rate of Turkish lira in recent months, the representative of Sberbank has told journalists. According to materials of bank, Sberbank plans to sell 99,8% of shares of Turkish "subsidiary" of Emirates NBD Bank for more than 14,6 billion Turkish liras that makes today about $2,4 billion. "There are certain borders in which the course between Turkish lira and the American dollar which allow us to count on the total amount of the transaction in the range from $3,4 billion up to $3,7 billion is hedged" — the representative of Sberbank has told. In the report of Sberbank on IFRS for the II quarter 2018 it is noted that "payment under the transaction (selling Denizbank. - RNS) will be made in US dollars, and the contract includes the hedging element providing definition of a course of conversion of TRY/US dollar in narrow range". "Thus influence of changes of course of conversion of TRY/US Dollar on the sum to receiving, insignificant", - it is noted in the report. In May Sberbank reported that it expects closing of the transaction until the end of 2018. Sberbank declared signing of the binding agreement with the Dubai bank Emirates NBD about sale of Denizbank on May 22, to a togd the rate of Turkish lira to dollar made 4,67 Turkish liras. Today the rate of Turkish lira makes 6,07 liras for dollar.

URL:

Photo: Mikhail Mettsel / TASS the Real salaries of Russians in January, 2019 grew by 0.2%, data of Rosstat demonstrate. In December, 2018 growth of an indicator year-on-year was 2.9%. At the same time in comparison with the previous period in January, 2019 the real salaries of Russians decreased by 26.7%. The average monthly charged wage of employe...


Entering into AFK "Sistema" "RTI-Mikroelektronika" and Rostec concluded the legally binding agreement on creation of the united company on production of microelectronics, the press service of RTI reported. "The parties will contribute in the united company in total control shares in 19 enterprises in the field of development, production and the MEK...


The senior partner of Baring Vostok Capital Partners (BVCP) fund Elena Ivashentseva, the acting as the head of the company together with the co-founder and the partner of fund Alexey Kalinin, expressed the need to check legality of initiation of legal proceedings concerning the founder of Baring Vostok Michael Kalvi and other businessmen, the press...


Retail trade turnover in Russia grew January, 2019 by 1.6% in annual terms and was 2.489 trillion rub, follows from materials of Rosstat. "Retail trade turnover in January, 2019 was 2489.3 billion rubles, or 101.6% (in the comparable prices) by January of previous year" — it is said in the statement. In December, 2018 the indicator grew by 2.3% in...


The real income of Russians in January, 2019 decreased by 1.3%, data of Rosstat demonstrate. "The real located monetary income (the income minus obligatory payments corrected on consumer price index), according to preliminary data, in January, 2019 in comparison with January, 2018 decreased by 1.3%" — it is said in the statement. In comparison with...


The Ministry of Transport of the Russian Federation sent inquiry to Rostransnadzor for conducting check concerning Pobeda airline because of new rules of transportation of hand luggage, the press service of department reported. "Due to the mass receipt of complaints of citizens and publications in media by the Ministry of Transport of the Russian F...