Green light for Russia’s Post Bank
The Russian authorities have reportedly given the go-ahead for Russian Post and VTB, the country’s second-biggest state bank, to set up their new joint venture project, Post Bank.
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Post Bank could “revitalise” UK network, says report
A new report on how a Post Bank in the UK could “revitalise the post office network” has been discussed today (Thursday) at a Parliamentary roundtable.
Read MoreCoalition hopes for UK Post Bank creation
The Post Bank Coalition has urged the UK government to establish a Post Bank.
Read MoreIndian government to set-up post bank
The Indian government has formally kick-started the process for setting up a specialised banking services subsidiary under the department of post, a move which will take commercial banking services to all parts of the country, reports the Economic Times (India).
Read MoreRussian post bank could cost $10bn
Vneshekonombank expects that the creation of a postal bank based on Svyaz-Bank and Russian Post will cost $5bn to $10bn, according to Vedomosti, reports The Moscow Times.
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