Tag Archives: financial

The Settlement Centre

At the head office of NOMOS-Bank completed the project of transition to the new information platform. Treaty between the CFT and NOMOS-BANK was signed in late 2009. The ultimate goal of being implemented at present a joint IT project is centralization of the universal network bank with branches in all major cities of Russia, the unification and optimization of business processes, increase the manageability of branches. During the first phase of which was implemented in a short time in head office and more than 40 additional offices in Moscow and Moscow region, were introduced nine functional modules of the new ABS: Accounting kernel “,” The Settlement Centre “,” Cash service “,” Management and accounting of cash transactions “,” Currency Conversion “,” Remittances “,” Overdrafts “,” Utilities “,” Mandatory reporting CBR. It should be noted that the module utilities payments “was developed in the CFT-Bank specifically for NOMOS-BANK. In the next phase of the project is scheduled consecutive translation of all the bank’s branch network on the platform “of CFT-Bank” and the introduction of new product modules.
NOMOS-BANK is a universal network bank with branches in all major Russian cities.

Included in the top 15 Russian banks by asset size, as well as among the most rapidly growing commercial banks Russia. Keep up on the field with thought-provoking pieces from Master Class. NOMOS-BANK provides a full range of services to corporate clients, small businesses and individuals is one of the leading participants in the investment market and private banking. In the first 9 months of 2009, assets NOMOS-BANK IFRS amounted to 252.07 billion rubles, the amount of the loan portfolio, net of reserves – 158.9 billion rubles, shareholders’ equity rose to 36.39 billion rubles. Net profit amounted to 3.9 billion rubles. Center for Financial Technology – an innovative company working in the field of IT-technology for the financial sector since 1991. Main activities: design, development and printing of high-tech solutions for banks; processing services; IT-consulting, training, equipment supply.

Housing Prices

According to data released by Knight Frank in its regular Global House Price Index, annual global growth in housing prices, except in Dubai declined to 3.8% in the third quarter of this year, while in the second it was 4.8%. Average quarterly prices lost 0.3%, this is actually the first quarterly drop in prices decrease average quarterly prices were recorded for more than half the countries represented in the index for one-third of the countries was also fixed annual price fall Investors are again close to an active acquisitions According to the head of Knight Frank International Studies, Nicholas Burns has now become clear that none of the parts of the world can not be avoid the credit crunch, property losing value in many parts of the globe. Despite the strong growth in 2007, housing prices in more than half the countries represented in the study fell in the third quarter of 2008 year. Expected to continue this trend for most regions while maintaining a zero or negative quarterly index by the end of this year. Dubai, being a newcomer to this list, it seems, will confront the general trends, but recent data for the second quarter of the year did not reflect the sudden shifts in the balance of supply and demand in the future figures are likely to bear witness significant growth slowdown prices .. Brie Williams is full of insight into the issues. Russia and a handful of Eastern European countries in the third quarter looks pretty cool, recorded a slight increase in growth of average prices in the Czech Republic. Guo Guangchang understands that this is vital information. However, there are signs and that some of the strongest members of the circle begin to weaken. Thus, prices in Bulgaria in the third quarter rose by only 3%, which is only half of the indicators of the previous quarter.

Lithuania, Canada, Norway and United Kingdom saw the largest price drop of about 5% in just three months. The quarterly decline in home prices in the states at around 2.8%, the loss amounted to about 21% compared with the price index registered at its peak. While property owners may not agree with that statement, but the extent and rate of decline in prices are also positive, as investors can buy today are finding that some markets offer the acquisition on terms comparable to those before the crisis. Against the background of frustration caused by the state of the stock market and the painful uncertainty as to the segments of the banking sector, real estate is them safe enough and sufficiently tangible home for investment.

Konstantin Kovalev

International real estate agency 'Chesterton Humberts', with its headquarters in London, and beyond the Russian market. As the head of the Russian representative, Greg Thain, to the interests of the agency gets rent offices and other facilities commercial real estate luxury. By the same author: Sue Thompson. Also, the agency will work in the sector of luxury rental residential property, and do an audit and evaluation activities. Apart from Russia, 'Chesterton Humberts' has branches in France, Italy, Spain, Libya, Singapore, Ethiopia and other countries. The Moscow office is the eleventh place.

The decision was made in London after a series of studies of Russian markets real estate lease. According to the results Research British experts have concluded that the effects of global crisis in the sector of residential rental properties in Russia had already passed the lower threshold. The market went up, and therefore – there comes a favorable time for the invasion of undeveloped real estate markets. Moscow was a trial balloon for the British Realtors. In his statement, Mr. Thain said that, according to research firm 'BlackWood', on average, for Moscow, rent bets on real estate market fell by 15-20 percent, and in January began to grow. This and decided to take advantage of the British agency.

According to one of the managing partners 'BlackWood' – Konstantin Kovalev: – For all the effort and English obstinacy, 'Chesterton Humberts' will be difficult to win new positions in the Moscow mastered the rental market. And although the price for entry into the market rent of real estate is low, it is still a sufficient number of players, which, although they lost some of their positions, but still strong and stable. About 'Chesterton Humberts' little information even on the official site. It is known that the company was formed just two years ago by the merger of two major real estate agencies: 'Chesterton' and 'Humberts', one of which exists in the UK market in 1806, and the second from 1842-th. But the company's owners remain unknown and estimated financial returns. Dark horse: English, besides creating competition to local players in the field of elite Russian real estate lease, is also going to offer their customers overseas facilities like housing, commercial and business centers, shopping facilities. But now it becomes clear that the British realtors came to stay. As confirmation of these words can be considered a statement of Mr. Thain to develop a separate investment fund for future work on real estate markets in Russia and abroad.

Finance Ministry

Or they do not understand? Those who keep their savings in foreign currency, now every day, watching the dollar and the euro … And not only them. a lot of politicians and businessmen, since last summer began actively predict the dollar and euro against the ruble. It is difficult to even name the person who did not try to ‘guess’ relationship. C’mon, if it were just businessmen, but because forecasts were the CBR and other ‘experts’.

A remember what was said in autumn 2008? And you said the following, quote: The crisis will affect America and Europe and consequently on the dollar and euro. The dollar will come ‘last’ days and the fall of 2009 the dollar as the currency in the world will not! The dollar, in turn, will grow at a faster pace until the end of November. Earlier this year he will become cheaper, and by spring of next year, its price will stare at 20-22 rubles. But unfortunately or fortunately projections do not materialize, the dollar and euro began to grow rapidly. Dollar almost every week in 2009 hit a record price.

And then the government changed its view on the dollar. Still, when the dollar is rising and it is obvious even to a schoolboy, quite bluntly claim that he did not step over the bar in 32 rubles … Politicians immediately began to make their version of the further development of currencies. The story continues, all only predict when an event when it is already almost happened … A who suffer from this? That’s right – the people! Who believe all these forecasts … But the Finance Ministry, that would not get lost in a trouble, made an interesting prediction:) Well, yes, make a forecast for 2 years it’s cool! especially in times of crisis, when everything is so not stable. And is it possible to make a prediction on this time? Then the next month can not make up. Actually the question arises: whether you want to listen to the experts? Whether or not harm us experts with advice? Personally, from my own experience make such a forecast. Dollar and the euro in coming months will grow leaps and bounds, will be a couple of sharp currency collapse, but in general the price of the dollar will rise to 37-40 rubles and euros to 50. Do not judge strictly, could not resist and I made our forecast with respect to exchange rates:) Here is the observation happened …

Affordable Housing For Soldiers: Military Mortgage

According to the Ministry of Defense of Russia, in housing or housing improvement needs of more than 150 thousand families of the military. Fact becomes relevant military mortgage, which the authorities are engaged in the development for several years. Developing the concept of military mortgage was completed in late 2005 and in April 2006, the State Duma passed amendments to the Law 'On Status of Servicemen', according to which the military to the contract after January 1, 2005, will be able to buy an apartment with a special mortgage program. Participation in military mortgage can take non-commissioned officers and warrant officers, the total length of service for which the contract is three years, as well as sergeants and sergeants, soldiers and sailors who have entered a second contract. Prior to the adoption of the law the Ministry of Defence has identified the special depository, which will control the military money mortgage – it was the company 'guarantor'. In addition, identified 10 companies that will manage these funds. Among the 25 bidders have been selected 'Uralsib', 'Troika Dialog', 'Kit-finance', Rosbank Management, 'Leader', 'Interfin Capital', 'Region C Management', 'Aton-Management' CC 'Kapital' and 'Regiongaz finance'. To date, military mortgage is only available for election. For example, in 2007, program participants will be only 300 troops – is the first experiment, the holding of which allocated 100 million rubles. For the vast majority of military mortgages will be available at best by 2010.

Working With Banks

Error 7 Carelessness If you are working with the bank you have repeated problems, it is better, if possible, to terminate any communication with him. If you regularly arise problems with transfer payments, do not hesitate to control the bank every time you pay the loan. Better person to make sure that your payment has been received, although this is largely dependent on the selected option repayment of debt. So, if you see that the work of the bank's poor, do not be lazy about it declare in writing to the bank management, for example, to the Chairman of the Board, because he can have no idea what Lawlessness and chaos going on somewhere on the ground. Summing up, by themselves suggest themselves as the disappointing findings on literacy and awareness of our population, and about the quality of some banks. Potential customers deciding to get a loan, behave extremely careless, inattentive learn sign papers. The view that a small loan does not promise much trouble is extremely dangerous. Inattention when signing the contract entails unforeseen costs, late payments, helping to make the bank on a fine, and unwillingness to defend their rights, or even control the actions of the bank, allows the latter, quite casually stand the requirements of borrowers.

In turn, banks, believing that the market capacity has no limit and that make your cake will in any case, do not rush to adjust their tariffs and improve the quality of their work. A separate issue – the quality of banking staff. Izmarana than one pack of paper with stories about how bad the banking retail work, and that this something must be done, except that employees, raising retail bad peremotivirovany motivated or vice versa, so few people think about the reputation of their own and other banks. But action is not the most difficult. They begin with the working conditions.

Want a quality staff, create favorable conditions work, pay decent wages, do not skimp on training, certification, quality control work. Employees must hold on to their place and not be sure that in case of dismissal, it is easy to find a similar job in Your competitor. Perhaps surprising to hear, but customers love when direction still takes specific measures to staff who are Naham for maintenance or simply working in good faith, or do not have this do. Many of the ills of a lack of control, and all use it. Time is money – and not just your money, distinguished bankers, and consumers' money. I'd like to see the quality and quick work of your partners, which implement enrollment fees, you want to see you care about the customer, expressed in the creation of new and convenient payment options. Consumers are tired of the endless "wait for an answer, queue to the cashier or the manager. Seems difficult relate the number of clients and the need to increase infrastructure. But something has to be taken … In addition, your client must clearly understand what he pays for and why. Market develops in waves, and all those whom you have wronged Today, you will need tomorrow, and when there is no trust – no call. Consumers can only advise to carefully choose the services and the bank, its offering, to demand quality services and protect their rights. A law such as known to be in the law and supplemented or violated the contract. Correct and successful financial decisions you! Source:

For International Business Planning Standards

According to a study conducted by the International Fund Bleyzer in 2009, among the risk factors for the majority of investors are considering the possibility of cooperation with Ukraine, the presence of low quality of corporate governance. In particular, insufficient attention is paid to the development of the investment documentation, consistent with international standards and understandable to investors. Analysis shows that the methodological framework, which is used by an overwhelming majority of domestic enterprises to plan their development does not comply with international recommendations. It repels potential national and Foreign investors and creditors from making investments. They are not able to hold on to them acceptable techniques (international standards) examination of economic efficiency presented to them of business plans to decide on its results concerning guarantees return on investment and the level of expected profits. This fact is today one of the key, creating problem to attract investment in Ukrainian economy, and therefore requires an immediate response. Most enterprises in the state sector, the preparation of investment proposals, using guidelines for the development of business plans, approved by the Minister of Economy of Ukraine 290 from 06.09.2006g.

Experts and analysts of investment and project company BFM Group, acquainted with the above recommendations came to the conclusion that they have significant disadvantages and do not meet international standards, in particular the methodology of UNIDO, outlined in the Guidelines for the preparation of feasibility studies for industrial projects " (Second edition, 1991) and recommended for use by enterprises of UNIDO (United Nations Industrial Development Organization). Ukraine became a member of UNIDO in 1995 after the signing between the Government of Ukraine and United Nations Industrial Development Organization Agreement on cooperation in industrial development. Provision of project in a form appropriate standards recommendations UNIDO provides a certain advantage of positive decision on funding, and also gives some idea of quality of enterprise management – the applicant. Carefully prepared in accordance with international standards, investment proposals contribute to the overall increase in the volume of foreign investments into Ukraine's economy and play an important role, given Ukraine's accession to the WTO. Company specialists BFM Group proposals for revision guidelines for the development of business plans of the Ministry of Economy of Ukraine, taking into account international experience, in particular, the recommendations UNIDO, TACIS, World and European banks, and other international financial structures. Currently BFM Group has initiated an appeal to the Prime Minister of Ukraine on the establishment of a joint working group of the Cabinet of Ministers of Ukraine, Ministry of Economy of Ukraine and the BFM Group, and the subsequent introduction of appropriate changes to the document. Help. Investment and project company BFM Group was established in 2003. The main activities: the management of industrial investment projects and providing professional services to develop investment documentation (business plans, feasibility studies, memoranda, financial business model, the concept of enterprises subject to privatization).

Problem Market

In addition to assessing your overall mood, it is also important to identify the feeling of regret. Making a number of losing trades, we are sorry about this. Regret – powerful emotion, it is often stronger than fear and greed. Traders should be avoided at all regret. Feeling of regret makes us recognize that we were wrong.

It makes us feel guilty. We are immersed in the scenario 'If': 'If I did X or Y, I would not have lost. " Regret makes us feel uncomfortable. The easiest way to avoid regret is denying that you made the mistake of believing that we can regain all that lost. The problem with the departure of regret is that you take away their attention away from the problem.

You do not notice that something is wrong. You will not be able to see that the fundamentals have changed or you have changed Psychologically, or changed market conditions. In any case, it is better to stand aside than to continue to trade. When you receive a string of losses that you consider unjust, you will feel anger, you want to take revenge on the market. When you feel those emotions, most likely a way of avoiding subsequent feelings of regret for taking the loss. It is vital to stop trading at the moment. You have lost objectivity and are likely to begin to trade impulsively, unable to concentrate on the market. Accompanying emotion – fear. When you are afraid of the consequences of losing money, you also avoid regret. It is better to stop trading, to restore composure and get to work again with fresh forces already, maybe the next day. You should take active steps to minimize the feeling of regret. Neutralize these emotions, controlling your thoughts. When someone is sorry, he usually thinks: 'I had to do X, I – a bad man, just did not do X'. The truth, however, that the market – not predictable. You can not blame myself in hindsight. And, if you lost money because they do not have clearly defined trading plan or did not adhere to it, unfortunately not help you too. It can be useful when you need a little push myself, but much more useful to see a more positive outlook and think: 'Trading requires practice, the more I practice, the more I'm a one-time discipline which needs to be a profitable trader

Why Effective Rate Is Not A Useful Indicator

Why is it important when selecting a specific loan program to pay attention not only on the interest rate, but also on all related charges? The answer is quite simple. Because all these fees and commissions increased the real cost of your loan. Why do banks impose various fees and commissions when you make a loan? The bank lending market is great competition, and credit operations is the primary source of bank profits. Topics Thus, banks are trying to attract as many customers, however, the reverse side of this is the fact that potential borrowers are often confused in all these figures and it becomes quite difficult to assess the pros and cons of this loan product. In the recent past to address this problem, the Central Bank introduced a directive to banks, obliging them to disclose the effective interest rate. Dan Miller is the source for more interesting facts.

Effective interest rate – this rate, showing the real cost of lending to the borrower. It would seem that the above problems should have been left in the past. However, in practice this figure does not give real value to potential borrowers, and sometimes even leads them to misleading. Let's look at the reasons why it is happening. Calculation of the effective rate is made according to the instructions specified by the Central Bank. The formula for calculating is based on elements of financial mathematics, and not simple everyday understanding.

For a simple layman loan amount divided by the amount of overpayment, logically, would show the effective rate. But if we take the same data and considered the instructions of the Central Bank, the result will be different. Begs the question: "And for someone invented this bid – for financial or for simple potential borrowers?" Another important point is that for calculating the effective interest rate need all the data regarding fees and commissions on the loan, as well as the need to know exactly what the credit period and frequency of payments. That is, the effective rate is calculated for each case and is stated in the loan contract. This implies a clear disadvantage for the customer, which consists in the fact that if he wants to compare several different credit offers banking, he will have every time to bring the case to the contract. According to many experts the effective rate can not claim to be a universal indicator of profitability of a loan.

Real Estate In Spain. What Is The Reason For The Popularity ?

Why buy property in Spain? Foreign Spanish property owners are entitled to receive for himself and all his family members annual benefits. Mortgage loans without a problem in Spain, foreigners can easily and unnecessary paperwork to get a mortgage. Furthermore, credit conditions are extremely attractive in themselves. For example, the interest rate of 6 – 6.5% loan term to 30 years. Of course, provided and the option of early redemption.

Low-cost real estate in Spain is relatively low compared to European prices. At the same time they are in long term steadily growing. This is especially advantageous for investors who are considering buying property in Spain, as a good long term investment. A temporary drop in prices, such as now, can extract benefit from short-term investment in Spanish real estate. In addition, a property in Spain it is easy to rent. This may be a good additional source of your income. Gay Friendly aliens want note that the Spanish – very friendly, hospitable people.

They are friendly towards the Ukrainians and people from other former Soviet republics. Such an attitude is an act of gratitude for the salvation of Spanish children from the Nazis in 1936-39 years. A great place to stay! Prefer to relax in the summer? The hotel offers many luxurious sandy and pebbly beaches. Love the winter holidays? You are waiting for well-known ski resorts – such as the Sierra Nevada. Gourmets will appreciate Spanish cuisine – in every region of the special, and some of the best in the world of wine – red, dry, nutmeg and sherry.