|
Rostovsocbank
Rostovsocbank (russian: Ростовсоцбанк) was a Russian commercial bank. It was established in 1989 and registered by the Central Bank of Russia in October 1990. The first commercial bank in the south of Russia was founded as a result of the commercialisation of the Rostov office of the USSR Zhilsocbank. In the 1990s, it used to be a major bank in the Rostov region with several branches in Rostov-on-Don and other cities such as Taganrog, Shakhty, Gukovo, and Donetsk. Ivan Savvidi, a well-known entrepreneur, was Chairman of the board of directors in 1997 and 1998. In 1998, in the time of deep crisis for Rostovsocbank — this position of Chairman of Bank Management Board was filled by financier Leonid Shafirov - up to the moment of bank charter revocation. Rostovsocbank ceased to exist in 1998. The Gukovo branch of Rostovsocbank twice (in 1994 and 1998) saved the bank deposits of Gukovo citizens (Rostov region) and funds of local organisations.The whole Rostov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donskoy Narodny Bank
Donskoy Narodny Bank (''DNB''; ''Don People’s Bank'') (russian: Донской народный банк) was a Russian commercial bank. It was founded in 1992 as the Stanichny (Village) Commercial Bank (SCB) "Yegorlyk". Until 1998, it carried out its activities on the territory of Yegorlyksky District in Rostov Oblast. At the end of 1998, ''SCB “Yegorlyk”'' experienced financial difficulties and practically ceased operations. And after that, the Bank was acquired by new owners, among whom were the former employees and clients of the ''Gukovo branch of Rostovsocbank'', which made a full refund to all clients and depositors in early 1998, despite the insolvency of the ''Rostovsocbank’s'' head office. In 1999, ''SCB'' was renamed ''“Donskoy Narodny Bank,''” which became one of the largest retail banks in Southern Russia in the 2000s, carrying out innovative operations (for that period) in retail lending and securities. The Bank also participated in social projects, inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonid Shafirov
Leonid Alexandrovich Shafirov (russian: Леонид Александрович Шафиров; born May 7, 1973, Chita) is a Russian financier, scientist, PhD In the 1990s – twice, despite the insolvency of the head offices of the banks – he ensured the return of funds to all clients of the branches he headed. In 1998 – as acting chairman of the board of the insolvent Rostovsocbank, he ensured the return of savings to all individual depositors of that bank. From 1999 until 2008 - a chairman of the board of directors of the Donskoy Narodny Bank. The magazine ''Bankovskoye Obozreniye'' included Leonid Shafirov in the top five most successful Russian bankers in 2007. Biography He was born in 1973 in Chita in a family of medical students, his childhood was in the town of Gukovo. In 1990 he graduated with a gold medal from Gukovo Secondary School No. 5. During his studies at school, he was elected chairman of the student committee - at the age of 13. He was a young correspon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rostov Oblast
Rostov Oblast ( rus, Росто́вская о́бласть, r=Rostovskaya oblast, p=rɐˈstofskəjə ˈobləsʲtʲ) is a federal subject of Russia (an oblast), located in the Southern Federal District. The oblast has an area of and a population of 4,277,976 ( 2010 Census), making it the sixth most populous federal subject in Russia. Its administrative center is the city of Rostov-on-Don, which also became the administrative center of the Southern Federal District in 2002. Geography Rostov Oblast borders Ukraine (Donetsk and Luhansk Oblasts) and also Volgograd and Voronezh Oblasts in the north, Krasnodar and Stavropol Krais in the south, and the Republic of Kalmykia in the east. The Rostov oblast is located in the Pontic-Caspian steppe. It is directly north over the North Caucasus and west of the Yergeni hills.Google Earth It is within the Russian Southern Federal District. Rivers and lakes The Don River, one of Europe's longest rivers, flows through the oblast for part of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rostov-on-Don
Rostov-on-Don ( rus, Ростов-на-Дону, r=Rostov-na-Donu, p=rɐˈstof nə dɐˈnu) is a port city and the administrative centre of Rostov Oblast and the Southern Federal District of Russia. It lies in the southeastern part of the East European Plain on the Don River (Russia), Don River, from the Sea of Azov, directly north of the North Caucasus. The southwestern suburbs of the city lie above the Don river delta. Rostov-on-Don has a population of over one million people, and is an important cultural centre of Southern Russia. History Early history From ancient times, the area around the mouth of the Don River has held cultural and commercial importance. Ancient indigenous inhabitants included the Scythians, Scythian and Sarmatians, Sarmatian tribes. It was the site of Tanais, colonies in antiquity, an ancient Greek colony, Gazaria (Genoese colonies), Fort Tana under the Genoa, Genoese, and Azov#Fortress of Azov, Fort Azak in the time of the Ottoman Empire. In 1749, a c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bridge Bank
A bridge bank is an institution created by a national regulator or central bank to operate a failed bank until a buyer can be found. While national laws vary, the bridge bank is usually established by a publicly backed deposit insurance organisation or financial regulator and may be instituted to avoid systemic risk and provide an orderly transition avoiding negative effects such as bank runs. Typically, the tasks of a bridge bank are to ensure seamless continuity of banking operations by: * Assuming the deposits of and honouring the commitments of the failed bank, so that service to retail clients is not disrupted * Servicing adequately secured existing loans to avoid their premature interruption or termination * Assuming other existing assets, liabilities or functions of the defunct bank at the discretion of the regulator These tasks are carried out on a temporary basis (usually for no more than two or three years) to provide time to find a buyer for the bank as a going conce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing House (finance)
A clearing house is a financial institution formed to facilitate the exchange (i.e., '' clearance'') of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement obligations. Description After the legally binding agreement (i.e., ''execution'') of a trade between a buyer and a seller, the role of the clearing house is to centralize and standardize all of the steps leading up to the payment (i.e. ''settlement'') of the transaction. The purpose is to reduce the cost, settlement risk and operational risk of clearing and settling multiple transactions among multiple parties. In addition to the above services, central counterparty clearing (CCP) takes on counterparty risk by stepping in between the original buyer and seller of a financial contract, such as a derivative. The role of the CCP is to perform t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consortium
A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal. is a Latin word meaning "partnership", "association" or "society", and derives from ("shared in property"), itself from ("together") and ("fate"). Examples Educational The Big Ten Academic Alliance in the Midwest and Mid-Atlantic U.S., Claremont Colleges consortium in Southern California, Five College Consortium in Massachusetts, and Consórcio Nacional Honda are among the oldest and most successful higher education consortia in the World. The Big Ten Academic Alliance, formerly known as the Committee on Institutional Cooperation, includes the members of the Big Ten athletic conference. The participants in Five Colleges, Inc. are: Amherst College, Hampshire College, Mount Holyoke College, Smith College, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2.jpg "Click for more on -> Rostov-on-Don")
