DOCSLIB.ORG

Market News Company News SECURITIES MARKET

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Market News Company News SECURITIES MARKET SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody December 07, 2017 Issue No. 2017/47 Market News MOEX’s new index calculation methodology effective from November 27 On December 1, 2017 it was stated that Moscow Exchange (MOEX) had updated its index calculation methodology, which came in force on November 27, and revised the list of index components and free float ratios, which are to be effective from December 22. The MOEX representative mentioned in the statement that key changes under the new methodology to the MOEX Russia Index (formerly known as the MICEX Index) and the RTS Index are a move to a floating number of component stocks as well as increased liquidity requirements for stocks. From December 22 the indices will comprise 45 (versus the current 50) component stocks. Under the new methodology to calculate indices, the Blue Chip Index may now include only one security type of an issuer. For further details, please see the stock exchange’s statement on its official Web Baker McKenzie sees Russian IPO activity rising in 2018-2019 As released on December 6, 2017 Global Chair of International law firm Baker McKenzie Paul Rawlinson had said in an interview that the company expects the volume of initial public offerings (IPOs) by Russian companies to increase to USD 2 bln from US 500 mln in 2018-2019. He mentioned that after 2018-2019 the world economy may become turbulent. The company also sees prospects in the segment of merger and acquisition deals. The Global Transactions Forecast, developed jointly by Baker McKenzie and Oxford Economics, says M&A activity in Russia will rise to USD32 bln in 2018-2019 from USD 25 bln. Rawlinson said that this is not much, but is a good signal. In his opinion significant improvement in direct foreign investment in Russia in January-June 2017 in spite of the Western sanctions is another positive sign for the market. Russia is a large market with many consumers, its inflation is largely under control. Baker McKenzie expects economic conditions of the country to improve. Rawlinson added that this will not be explosive growth, but this is still a good factor compared with the previous years. Russia’s Finance Ministry places RUB 25 bln OFZ bonds On December 6, 2017 Russian Finance Ministry stated that it had fully placed RUB 25 bln worth of OFZ government bonds of two series at an auction on December 6. At the first auction, the ministry placed 15 billion rubles worth of OFZ 25083 government bonds maturing in December 2021. The cut-off yield stood at 7.44% annually and the weighted average yield amounted to 7.42% annually. Demand for the bonds stood at 33.155 billion rubles. At the second auction, the ministry placed RUB 10 bln worth of OFZ 26221 government bonds maturing in March 2033. The cut-off yield stood at 7.85% annually and the weighted average yield amounted to 7.84% annually. Demand for the bonds totaled RUB 28.126 bln. Company News MegaFon holders elect CFO Vermishyan as executive director by 2021 On December 1, 2017 it was stated that the shareholders of Russian mobile operator MegaFon had elected Chief Financial Officer Gevork Vermishyan as the executive director for the period until an annual general meeting in 2020. MegaFon CEO Sergei Soldatenkov said that in this position Vermishyan will be responsible for managing operations, directing implementation of the company’s strategy, overseeing the company’s governing bodies, and supervising subsidiaries and associated entities. Vermishyan himself mentioned that 1 in light of the importance of the state’s digital agenda, as the CEO he will be focusing on solutions for digitalization of the economy, as well as managing the structural development of the company, its relationships with the business-to-government clients and shareholders, and specific key projects. Alexander Barunin, previously the head of planning, management reporting, and financial control, was appointed as the acting CFO. OMV closes deal to buy 25% in Yuzhno-Russkoye field On December 1, 2017 it was released that Austria’s OMV had closed a deal to buy a 24.99% stake in the Yuzhno-Russkoye oil and gas condensate field in Russia’s West Siberia for EUR 1.719 bln from Uniper. OMV’s CEO Rainer Seele said that stake of OMV in the Yuzhno-Russkoye adds 100,000 barrels of oil equivalent per day to OMV’s production. This boosts OMV’s total production to more than 430,000 barrels of oil equivalent per day. The transaction takes retroactive economic effect as of January 1, 2017 and was largely funded out of proceeds generated from disposals and OMV’s strong cash flow. The deposit’s total reserves are estimated at 1 tln cubic meters of gas. The deposit is being developed by Severneftegazpom, which is 40% owned by Russian gas giant Gazprom. Germany’s Wintershall Holding GmbH holds 35% in the company. German watchdog clears Statoil to acquire stake in SevKomNeftegaz As disclosed on December 1, 2017 Germany’s federal antimonopoly office had cleared Statoil to acquire a 33.33% stake in SevKomNeftegaz to cooperate with oil major Rosneft in development of the Severno- Komsomolsky oil and gas condensate field in Russia’s northernmost Yamalo-Nenets Autonomous District . In May 2013 Rosneft and Statoil signed an agreement to cooperate in production of hard to recover reserves at the field. Rosneft’s subsidiary RN-Purneftegaz is the project’s operator. Antitrust clears KAMAZ to buy 49% in AutoVAZ’ biggest supplier On December 1, 2017 Russia’s Federal Antimonopoly Service stated that it had cleared truck maker Kamaz to acquire a 49% stake in Tolyatti-based United Car Technologies, one of the biggest suppliers of car producer AvtoVAZ. KAMAZ spokesperson confirmed that the company is interested in the deal and said it may be closed in 2018. In June 2016, AvtoVAZ CEO Nicolas Maure said that United Car Technologies is unlikely to change its shareholding structure soon. Government allows Rostec to sell 26% minus one share in Kalashnikov On December 4, 2017 it was released that Russian Prime Minister Dmitry Medvedev had signed a document allowing state industrial corporation Rostec to sell a 26% minus one share stake in arms producer Kalashnikov. At present, Rostec holds 51% in Kalashnikov, and 49% is held by private investors. As a result of the deal, the government will keep a 25% plus one share stake in the company. Novy Svet plant’s privatization price at RUB 1.5 bln On December 5, 2017 the Crimean Minister of Property and Land Relations Anna Anyukhina told reporters that the starting price for privatization of sparkle wine facility Novy Svet will amount to about RUB 1.5 bln and there are interested investors An auction to sell the plant is to take place on December 20. In September the Crimean State Council decided to privatize the plant. The Novy Svet winery, also known as Novyi Svit, was founded in 1878 by Prince Lev Golitsyn, and it was one of the first wineries in Russia. The plant was nationalized in 2014. Novatek buys 2 smaller gas companies from AR Oil&Gas On December 5, 2017 it was stated that Russian independent gas producer Novatek had acquired gas companies Yuzhno-Khadyryakhinskoye and Eurotek from AR Oil&Gas, a joint venture of Independent Petroleum Company of businessman Eduard Khudainatov and Spain’s Repsol. On December 4, the Federal Antimonopoly Service approved a request of a Novatek unit to acquire 100% in Yuzhno-Khadyryakhinskoye, which was spun off from Eurotek previously in 2017, from AR Oil&Gas - a joint venture of Neftegazholding (affiliate of Independent Petroleum Company) and Repsol S.A. The company’s CEO Leonid Mikhelson said that they continue active work on increasing the production amount in the zone of the Unified Gas Supply System, which is one of the strategic priorities for Novatek. Yuzhno-Khadyryakhinskoye owns a license for exploration and development of hydrocarbons within the Yuzhno-Khadyryakhinsky site located close to the infrastructure of Novatek’s field Severo-Khancheiskoye. The combined resource potential of the site stood at 228 mln barrels of oil equivalent as of the end of 2016. The combined resource potential of the Syskonsynyinsky site owned by Eurotek amounted to 48 mln barrels of oil equivalent as of the end of 2016. 2 Private pension fund Safmar sells 9.29% stake in M.Video On December 6, 2017 it was stated that private pension fund Safmar had fully sold its 9.29% stake in electronic goods retailer M.Video on December 4, 2017. The shares were sold on the open market. M.Video shares were earlier bought in small stakes on the stock exchange by the fund’s managing companies in line with its short-term strategy to boost the yield through the trade of growing assets. A spokesperson for pension fund Safmar mentioned that the sell-off allowed the company to earn money for the funds’ clients. M.Video and private pension fund Safmar are parts of financial group Safmar uniting assets of the Gutseriyev family. The group owns 57.68% of M.Video though Cyprus-based Mianello Ltd. Another 5.78% of the retailer is held by private pension fund Doveriye, also part of the group, according to M.Video’s financial report for July-September. A 9.35% stake in M.Video belongs to private pension fund Future of businessman Boris Mints. Agricultura Bank’s shareholder approves RUB 20 bln of new shares On December 6, 2017 it was released that Russia’s Federal State Property Management Agency acting on behalf of the state, the only shareholder of Russian Agricultural Bank, had approved a RUB 20 bln issue of common shares to boost the bank’s capital to RUB 384.848 bln.
Load more

Recommended publications
  • Fox-IT in Rusland
    Fox-IT in Rusland Buro Jansen & Janssen juni 2021 Fox-IT in Rusland 1. Fox-IT in Rusland (samenvatting) 7 2. Fox-IT in Rusland (onderzoek) 10 3. Fox-IT in Russia (summary) 45 4. Het NFI en TNO werkten met Fox-IT aan een 48 Surveillance Lab in Saoedi-Arabië tijdens de Arabische Lente 5. Fox-IT en de Nederlandse overheid 58 6. Bronnen bij het onderzoek 81 7. Maak het werk van Buro Jansen & Janssen mogelijk, 90 word donateur 2 Buro Jansen & Janssen Inhoudsopgave Observant #77 / juni 2021 Fox-IT in Rusland Fox-IT in Rusland Het Delftse computer- en beveiligingsbedrijf Fox-IT verkoopt sinds 2010 haar producten in Rusland en is hier na de invoering van de internationale sancties tegen het land in 2014 mee doorgegaan. De Nederlandse overheid is een belangrijke klant van Fox-IT. Het bedrijf verzorgt onder andere de beveiliging van staatsgeheimen. De Rus Evgeny Gengrinovich speelt een sleutelrol in de handel van Fox-IT met Rusland. Hij werkte in het verleden voor verschillende Russische staatsbedrijven. Vanaf 2011 promoot hij de Fox DataDiode namens het Zwitserse Snitegroup GmbH en het Russische ZAO NPF Simet. Later presenteert hij zich als vertegenwoordiger van Fox-IT en heeft hij een sleutelrol bij het aantrekken van andere tussenhandelaren. De tussenhandelaren van Fox-IT hebben nauwe banden met Russische staatsbedrijven in de energiesector en de financiële sector, maar ook met het Russische Ministerie van Defensie, defensiebedrijven en de Russische inlichtingendienst FSB. Het Delftse bedrijf heeft in het algemeen weinig zicht op de eindgebruikers aan wie haar producten door tussenhandelaren worden aangeboden en doorverkocht.
    [Show full text]
  • Public Joint Stock Company “Research and Production Corporation “United Wagon Company”
    Public Joint Stock Company “Research and Production Corporation “United Wagon Company” Interim condensed consolidated financial statements for the six months ended 30 June 2019 (unaudited) PUBLIC JOINT STOCK COMPANY “RESEARCH AND PRODUCTION CORPORATION “UNITED WAGON COMPANY” TABLE OF CONTENTS Page STATEMENT OF MANAGEMENT’S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2019 (UNAUDITED) 1 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2019 (UNAUDITED) Interim condensed consolidated statement of profit or loss and other comprehensive income 2 Interim condensed consolidated statement of financial position 3 Interim condensed consolidated statement of changes in equity 4 Interim condensed consolidated statement of cash flows 5 Notes to the interim condensed consolidated financial statements 6-30 PUBLIC JOINT STOCK COMPANY “RESEARCH AND PRODUCTION CORPORATION “UNITED WAGON COMPANY” STATEMENT OF MANAGEMENT’S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2019 (UNAUDITED) Management is responsible for the preparation of the interim condensed consolidated financial statements that present fairly the consolidated financial position of Public Joint Stock Company “Research and Production Corporation” United Wagon Company” (PJSC RPC UWC or the “Company”) and its subsidiaries (the “Group”) as at June 30, 2019, and the consolidated
    [Show full text]
  • Annual Report 2014
    Section ANNUAL REPORT 2014 There is always a place for discoveries in our life open.ru Content 2 Otkritie Financial Corporation 6 Statement of the Chairman of the Banking Group at a Glance Supervisory Board 4 Main Integration Results for 2014 8 President’s Statement MARKET REVIEW OPERATION REVIEW FINANCIAL OVERVIEW RISK MANAGEMENT CORPORATE GOVERNANCE APPENDIX AND CONTROL 12 Russian Economy in 2014 18 Corporate Banking 58 Assets 62 Overview 80 Effective Corporate Governance 104 Abbreviations Framework 15 Russian Banking Overview 24 Retail Banking 58 Liabilities 62 Key Risk Areas and Risk 106 Appendix 1. Management Tools 81 Share Capital Condensed Consolidated IFRS 32 Small Business Banking 59 Profitability Financial Statements 64 Credit Risk 82 Dividend Policy 37 Private Banking 59 Capital Adequacy 120 Contact Information 69 Liquidity Risk 83 General Shareholders’ Meeting 41 Investment Banking 70 Market Risks 85 Supervisory Board Structure 47 IT and Proceedings 72 Operational Risks 49 Corporate Social Responsibility 86 Supervisory Board Members 73 Financing Monitoring 53 Human Resources 89 Supervisory Board Resolutions 74 Legal and Reputational Risks in 2014 75 Strategic Risks 90 Supervisory Board Committees 76 Regulatory Risks 93 Management Board 77 2015 Priorities 94 Members of the Management Board 97 Statement of Otkritie FC Bank’s Supervisory Board Chairman on Compliance with the Corporate Governance Principles Established by the Corporate Governance Code 98 Corporate Governance Code Otkritie Financial Corporation Bank Annual Report Otkritie Financial Corporation Banking Group at a Glance Otkritie Financial Corporation Banking The Group implements a universal business model focusing on four key segments: Group is the largest private banking corporate banking, retail banking, small business and investment banking.
    [Show full text]
  • Otkritie Bank Russian Federation
    Otkritie Bank Russian Federation On record This profile is no longer actively maintained, with the information now possibly out of date Send feedback on this profile Created before Nov 2016 Last update: Oct 31 2016 Contact: Ryan Brightwell, BankTrackh​ [email protected] About Otkritie Bank Otkritie Bank is a full-service commercial bank that provides traditional banking services and investment, retirement and insurance products. It was formed in 2010 when four banks merged under the Otkritie brand. It is among the top 30 Russian banks according to its assets. Otkritie was the first Russian bank to adopt the Equator Principles in April 2013. The current form of the bank is a result of the merger of Otkritie and NOMOS-Bank in 2013. It was renamed to Otkritie Financial Corporation Bank in 2014. Otkritie FC Bank is 61.50% owned by Otkritie Financial Corporation. The consolidated organization ranks among the top 6 financial organizations in Russia, with estimated total assets of RUB 1.2 trillion. In April 2013 Otkritie became the first Russian bank to sign up to the Equator Principles, however they are no longer listed as an Equator Principles Financial Institution. Website http://www.openbank.ru Headquarters 2/4 Letnikovskaya St. 115114 Moscow Russian Federation CEO/chair Ruben Aganbegy CEO Supervisor Bank of Russia Annual report Annual Report 2013 Ownership listed on MICEX Otkritie Financial Corporation is the major shareholder of Otkritie bank with 61.50% of shares, the remaning shares are publicly traded on the Moscow Exchange (source) The following individuals and entities were shareholders in Otkritie at various times:Boris Mints (2004-2013), the Deposit Insurance Agency (2008 - 2013) VTB (2009 - 2013), the International Finance Corporation (IFC) (2011-2013) and Anatoly Chubais(2011-2013).
    [Show full text]
  • Company News SECURITIES MARKET NEWS
    SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody January 10, 2019 Issue No. 2019/01 Company News Central bank allows Dixy Group not to disclose corporate information On December 27, 2018 it was announced that the central bank had freed Russian released Dixy Group from an obligation to disclose corporate and financial information. In October, the company’s subsidiary Dixy Yug said that it finished a buyback of shares of Dixy Group, and controlled a 48.44% stake in the company as of October 5. Taking into account the stakes of affiliated firms, including a 51.29% stake owned by Dixy Holding Limited of businessman Igor Kesayev’s Mercury Holding, the company controls 100% of its shareholder equity. The Moscow Exchange stopped trading shares of Dixy Group on June 28, and the shareholders of Dixy Group approved a decision to make the company private on November 28. MegaFon offers RUB 659.26 per share buyback price to minorities On December 27, 2018 it was reported that Russian mobile operator MegaFon offered minority holders to sell their shares for RUB 659.26 apiece under a buyback. The offer is valid for 70 days, or starting from December 28 through March 7, 2019. It covers 131.213 mln common shares, accounting for 21.16% of MegaFon’s capital. The operator’s subsidiary, MegaFon Finance, cancelled on December 10 all general depositary receipts, ensuring rights for common shares of the operator, and filed a mandatory offer for a share purchase to the central bank for consideration. As a result of the cancellation, MegaFon Finance became an owner of 139,616,537 common shares of MegaFon, which with the shares held by its affiliated firms, amounted to 78.84% of the operator’s capital.
    [Show full text]
  • Custody Newsletter № 2017/36 46.72 Kb, 21 September
    SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody September 21, 2017 Issue No. 2017/36 Company News Otkritie FC Bank buys 61% in Rosgosstrakh Bank, 100% in Bank Trust On September 14, 2017 it was reported that Russia’s Otkritie Financial Corporation (FC) Bank acquired a 60.51% stake in Rosgosstrakh Bank and almost 100% in Bank Trust. The deals took place in late August. The central bank said in late August it would bail out troubled Otkritie FC Bank and become its investor using funds of the banking sector consolidation fund, the newly-created mechanism. The regulator’s representatives said earlier that a purchase of insurance company Rosgosstrakh and a bailout of Bank Trust were among reasons that worsened situation at Otkritie FC Bank. The central bank allocated RUB 127 bln of loans for the bailout of Bank Trust, but in late 2015, Otkritie FC Bank asked for another RUB 50 bln. Owners of Promsvyazbank, Vozrozhdenie Bank to mull merger by October 26, 2017 On September 15, 2017 it was reported that shareholders of Russian banks Promsvyazbank and Vozrozhdenie would consider their merger at extraordinary general meetings of the banks and submit their ballots by October 26. Vozrozhdenie Bank became part of Promsvyazcapital B.V., the parent holding of Promsvyazbank, in 2015, and the two banks have been carrying out integration processes since then, including a switch to a common operating and technical platform, centralization of back-office functions, unification of product line, and lining up of cross-sales. Shareholders of the two banks will discuss the reorganization in the form of incorporation of Vozrozhdenie Bank into Promsvyazbank.
    [Show full text]
  • SECURITIES MARKET NEWS LETTER Weekly
    SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody June 10, 2021 Issue No. 2021/21 Internal Custody News Please be advised that June 12 th 2021 is a public holiday in Russia - “Russia’s Day”. Please note that June 11 th is a short working day, and June 14 th is an official day off. Market News Cbank sells RUB 129.6 bln of coupon bonds out of RUB 300 bln offer On June 8, 2021 it was disclosed that on that day Russia’s central bank had sold RUB 129.643 bln of coupon bonds out of a limit of RUB 300 bln. Demand totaled RUB 129.661 bln. The cut-off price amounted to 100% of a face value, while the weighted average price stood at 100.0001%. The settlement date was June 9. Finance Ministry places RUB 81.85 bln OFZ bonds On June 9, 2021 it was stated that Russia’s Finance Ministry had placed RUB 81.85 bln of OFZ government bonds at two auctions on June 9. At the first auction, the ministry placed RUB 60.987 bln of OFZ 26235 government bonds with a fixed coupon maturing in March 2031. The cut-off price amounted to 90.5755% and the weighted average price stood at 90.6418%. The weighted average yield amounted to 7.38% and the cut-off yield to 7.39%. Demand totaled RUB 147.999 bln. At the second auction the ministry placed RUB 20.863 bln of OFZ 52003 government bonds maturing in July 2030. The cut-off price amounted to 98.1% and the weighted average price stood at 98.1659%.
    [Show full text]
  • Public Joint Stock Company “Research and Production Corporation “United Wagon Company”
    Public Joint Stock Company “Research and Production Corporation “United Wagon Company” Consolidated Financial Statements and Independent Auditor’s Report For the Year Ended December 31, 2018 PUBLIC JOINT STOCK COMPANY ”RESEARCH AND PRODUCTION CORPORATION “UNITED WAGON COMPANY” TABLE OF CONTENTS Page STATEMENT OF MANAGEMENT’S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 1 INDEPENDENT AUDITOR’S REPORT 2-6 CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018: Consolidated statement of profit or loss and other comprehensive income 7 Consolidated statement of financial position 8 Consolidated statement of changes in equity 9 Consolidated statement of cash flows 10 Notes to the consolidated financial statements 11-68 PUBLIC JOINT STOCK COMPANY “RESEARCH AND PRODUCTION CORPORATION “UNITED WAGON COMPANY” STATEMENT OF MANAGEMENT’S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 Management is responsible for the preparation of the consolidated financial statements that present fairly the consolidated financial position of Public Joint Stock Company “Research and Production Corporation “United Wagon Company” (PJSC RPC UWC or the “Company”) and its subsidiaries (the “Group”) as at December 31, 2018, and the consolidated results of its operations, cash flows and changes in equity for the year then ended, in accordance with International Financial Reporting Standards (“IFRSs”).
    [Show full text]
  • The Financial Supply Chain Management: Conflicting Trends in Russian Banking
    862 Int. J Sup. Chain. Mgt Vol. 9, No. 1, February 2020 The Financial Supply Chain Management: Conflicting Trends in Russian Banking Vladimir V. Strelnikov Department of World Economy and International Economic Relations, Don State Technical University, Russia. [email protected] Abstract- Financial supply chain is all about the involved in ordering, invoicing, reconciliation and movement of money along the chain. The subject of the payment. At present, most of challenges, facing the study is the main trends in Russian banking development national economy of Russia, turn out to be the in the context of modern processes of digitalization, additional tasks of the banking sector, forming its main financialization, and disintermediation. The purpose of trends. The main functional goals of the banking the work is to determine the systemic contradiction in the system development for the coming years are the development trends of domestic banking system. The following: effective functioning under the conditions of author used the systematic approach and general foreign economic sanctions and credit support for the scientific methods, statistical and comparative analysis, necessary breakthrough socio-economic development, expert evaluations and generalizations, logical and while maintaining financial stability. And the functional analysis. The results and scientific novelty of effectiveness of all reforms outlined in our country the work are presented in the tendency of outstripping depends on how systematically the banks will deal with nationalization of banking activity, which poses a threat them. of an increase in the corresponding systemic The development of Russian banking is characterized by the specialists of the Bank of Russia as a return to contradiction in the emerging financial relations.
    [Show full text]
  • The Annual Report on the Most Valuable Russian Brands April 2017
    Russia 50 2017 The annual report on the most valuable Russian brands April 2017 Foreword. Contents steady downward spiral of poor communication, Foreword 2 wasted resources and a negative impact on the bottom line. Definitions 4 Methodology 6 Brand Finance bridges the gap between the marketing and financial worlds. Our teams have Understand Your Brand’s Value 7 experience across a wide range of disciplines from market research and visual identity to tax and Executive Summary 8 accounting. We understand the importance of design, advertising and marketing, but we also Full Table (RUBm) 12 believe that the ultimate and overriding purpose of Full Table (USDm) 13 brands is to make money. That is why we connect brands to the bottom line. How We Can Help 14 By valuing brands, we provide a mutually intelligible Contact Details 15 language for marketers and finance teams. David Haigh, CEO, Brand Finance Marketers then have the ability to communicate the significance of what they do and boards can use What is the purpose of a strong brand; to attract the information to chart a course that maximises customers, to build loyalty, to motivate staff? All profits. true, but for a commercial brand at least, the first Without knowing the precise, financial value of an answer must always be ‘to make money’. asset, how can you know if you are maximising your returns? If you are intending to license a brand, how Huge investments are made in the design, launch can you know you are getting a fair price? If you are and ongoing promotion of brands.
    [Show full text]
  • Market News Company News SECURITIES MARKET NEWS
    SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody October 22, 2020 Issue No. 2020/41 Please be advised that November 4 th is a public holiday (“Unity Day”) and an official day off in the Russian Federation. Market News Putin urges business to get involved in production of vaccine On October 21, 2020 Russian President Vladimir Putin urged entrepreneurs to become more actively involved in production of the Russian vaccine against coronavirus in order to ensure the required amount of this drug. The president said that the third vaccine created in Russia will soon be registered. Putin has estimated annual sales of the Russian vaccine against coronavirus on the global market at USD 100 bln. Putin said that targeted measures to fight coronavirus were justified, they were being taken in contact with business. He added that the government was analyzing the situation. The president also said that the government did not plan to introduce tight restrictive measures amid the pandemic. Company News Rosseti can raise capital of affiliate Rosseti Kuban by RUB 2 bln On October 16, 2020 the board of directors of Russian power grid company Rosseti approved an increase of capital of affiliate Rosseti Kuban by no more than RUB 2.286 bln. The company can use the funds to finance repairs of energy supply units in the Sochi energy district. Rosseti plans to give the company in 2020–2023 the money that it received from affiliates in dividends for 2018–2019. After the capital increase, the stake of Rosseti in the affiliate will stand at least 93.44%.
    [Show full text]
  • Descargar Descargar
    1542 Vladimir V. Strelnikov Opción, Año 36, Especial No.26 (2020): 1542-1558 ISSN 1012-1587/ISSNe: 2477-9385 1543 Vladimir V. Strelnikov Opción, Año 36, Especial No.26 (2020): 1542-1558 ISSN 1012-1587/ISSNe: 2477-9385 Challenges of banking: modern Russian specificity Vladimir V. Strelnikov Lecturer, Department of World Economy and International Economic Relations, Don State Technical University, Russia [email protected] Abstract The aim of the study is to investigate the challenges of banking as certain Russian specifics, and in the aggregate, requiring system integration and balance in the conditions of active digitalization via the systematic approach and general scientific methods. As a result, new financial relationships, emerging in the context of the widespread development of digital technologies are under the increasing influence of previous state restrictions. This Russian specificity has a significant potential of turning into destructive system factor for banking. In conclusion, the formation of modern ecosystems and technological platforms in Russian formats is mainly carried out by large banks. Keywords: Banking system, Digitalization, Ecosystems, nationalization. Desafíos de la banca: especificidad rusa moderna Resumen El objetivo del estudio es investigar los desafíos de la banca como ciertos detalles rusos, y en conjunto, que requieren la integración y el equilibrio del sistema en las condiciones de digitalización activa a través del enfoque sistemático y los métodos científicos generales. Como resultado, las nuevas relaciones financieras, que surgen en el contexto del desarrollo generalizado de las tecnologías digitales, están bajo la influencia creciente de las restricciones estatales anteriores. Esta especificidad rusa tiene un potencial significativo de convertirse 1544 Vladimir V.
    [Show full text]