largest bank which is expanding into europe bank has agreed to buy is a eastern european units of bank international and it's the first accusation all that's kind by of russian bank now business artsy starts and when you call that has all the details this purchase goes in line with their bank some bishops plans to become an international banking group but how do they care money grab says that but two thousand foot seems better bank plans to generate up to seventy per cent of its income from international operations have also felt that he believes that in the great potential those eastern european countries where the world bank branches is that the banking market of let's. move it generates a call to nine to five billion euros by two thousand and fifteen and it's more than russia's potential so the bank could just wants to use this eastern european union bank as a platform for its own the international operations bank is among the top ten lenders in the czech republic slovakia croatian bosnia this is a traditional banking business there are no complicated structures or talks. there's no de. pendants

bank is expanding into europe has agreed to buy the eastern european units of austria is false bank international is the first acquisition of its kind by a russian bank and for all the data tells us cross live to the southeast. who joins us outside of his headquarters hello that down on the wall what can you tell us why is buying this business from bank international. this purchase goes a lot better about business plans to become an international banking group that other banks the government there has just that that's the two thousand foot ceiling bad bank plan that generates up to some of the press that all that comes from international operations it also says that he believes that the great potential of those give the european countries where more banks have its branches is that the baby market took such punches as the czech republic slovakia will be generating up to ninety five billion euros by two thousand and fifteen and it's more than russia's potential so spare a bank could just wants to use eastern european units all fog bank as a platform for international operations and the demographics

business from bank international. it will be very very close purchase outside the former soviet union was quite clear it was very hard to the council in the eastern europe it's markets is still very very similar to russia and the c.i.s. markets around the above bank itself is a very lucrative target for spare bank as it has a wide network of branches across nine contras in central and eastern europe what we know by now is that the today's better bank made dolls approaches all eight hundred percent of the eastern european unit also holds bank international prestige made the eight hundred and forty million dollars and it will now here at bet banks and have all those waiting for the had a bank get money could have to give off all the details of the op coming to look at so you know ok thank you and we will indeed with for those comments from the management of the sperm bank on the deal thank you so much. let's take a look at the markets now we start with the commodities and oil has actually changed the pace and direction

opposed to being simply a savings bank in russia by the way do you think there's a risk of forced burberry because it lacks the experience of managing an international bank is always a risk in any takeover in any acquisition but there are going to be cultural differences between the buyer and and what is bought we also see this between spare part control. spare part is just portrayed her there are bound to be differences these differences are showing up people have left. but on the other hand spurred by i wanted to take in order to change itself so whining a piece of an exterior of what essentially was an austrian bank but there you east european area it's buying in expertise that it doesn't have so it does make sense there is the opportunity for expanding further if they can get this integration process or european banking is actually right now troubled with its exposure to government debt do you think the timing of this deal actually makes sense i think it's absolutely perfect for spare bike because in a sense they're buying at the parts of the market. we don't know yet what the results are of the stress testing for a spark they're due out today b

this purchase goes a lot of their bank lands to become the international banking group that the bank government debt has just sat that's the two thousand foot ceiling that i plan to bring up the level of profound thought that come from international operations the fact that he believes in a great but then sold those eastern european countries where more banks have its branches is that the baby market took such cultures as czech republic also but here will be generating up to ninety five billion euros by two thousand and fifteen it's more the brushless potential those burbank protest wants to use eastern european union bank as a platform for international operations and the demographics planes why they chose them these parts ecolab. bolds bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures or talks assets there is no dependence on securities operations and almost no big corporate clients it could be called the bank for medium sized and small business. so burbank plans to finalize

their bank accounts the purchase all fake hundred percent over the eastern european union both bank international forest made eight hundred forty million dollars the talks started last year but then had been complicated by the ownership structure of the bank but now the deal is expected to be closed this year and we're now hearing banks that have what is waiting for they had a bank get a monkey have to give us all the details on the upcoming deal. russia will not make concessions over its tax regime for conley to gain membership of the world trade organization under the current rules manufacturers which make more than sixty percent of the vehicle in russia received financial concessions this is intended to boost local production of cost promised the president says the system is not open to negotiation. oh poor ms insist we drop the requirement for sixty percent localization production of three hundred thousand calls in a year we have the position cannot be changed but it's a riddler and we cannot cross because we can't alter burned in the interests of domestic producers separately prime minister.

bank international is the first acquisition of its kind by russian bank business. as more details. it will be current purchase outside the former soviet union it's quite widespread bank starts of expansion plans in eastern europe it's market is still very very similar to russia c.i.s. markets but the bank itself is the better lucrative target for the bank it's also the rest are made of fourteen billion dollars and it has the white net worth of branches across nine countries in central and eastern europe what we know by now is that today's bear bank man owns the purchase of a hundred per cent of the eastern european union bank international for estimated eight hundred forty million dollars the talks started last year but then had been complicated by the ownership structure of the bank but now the deal is expected to be closed this year and we're now hearing banks that had quarters waiting for they had a bank. to give us all the details on the upcoming deal. russia will not make concessions over its tax regime for common cause to gain membership of the world trade organization under

expanding into europe as burbank has agreed to buy the eastern european unit of austria's vaults bank international and it's the first all of its kind by a russian bank and business are things that down the brings us all the details this purchase goes in line with their banks ambitious plans to become an international banking group but how do they care mcgrath says that by two thousand what seems their bank plans to generate up to seventy per cent of its income from international operations they have also said that he believes that in the great potential of those eastern european countries where pulled out the broncho is that the basic market approach her. probably nobody can move it generates it up two months to five billion euros by two thousand and fifteen and it's more than russia's potential so their bank he just wants to use this eastern european union bank as a platform for its own international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures or toxic assets there is no d

expanding into europe it has agreed to buy the eastern european units of austria as vaults bank international and it's the first acquisition all that's going by a russian bank and now business artsy sets and the public overall brings us all the details this purchase goes in line with their bank some bishops plans to become an international banking group that had a bank care monographs there that by two thousand foot seems better bank plans to generate up to seven per cent of its income from international operations also felt that he believes in the great potential of those eastern european countries where both banks have the broncho is that the banking market of such hard to play golf nobody can prove it generates a call to nine to five billion euros by two thousand and fifteen and it's more than russia's potential though their bank just wants to use the eastern european union bank as a platform for its own international operations bulks bank is among the top ten lenders in the czech republic slovakia crew we shouldn't this is a traditional banking business there are no complicated structures

this purchase goes in line with their bank some bishops plans to become an international banking group that's how the bank care money grab says that by two thousand what seems better bank plans to generate up to seventy per cent of its income from international operations have also felt that he believes in the great potential of those eastern european countries where the world bank has the branches is that the banking market of such. public or nobody can move it generates it up to nine to five billion euros by two thousand and fifteen and it's more than russia's potential so the bank he just wants to use this eastern european union bank as a platform for its old international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures or toxic assets there is no dependence on securities operations and almost no big corporate clients it could be called the bank for medium sized and small business those burbank plans to finalize the deal by the end of the year and that is just th

expanding into europe as burbank has agreed to buy the eastern european units of austria's vaults bank international and it's the first that was issued office kind i have russian bank doesn't start over has all the details this purchase goes in line with their banks ambitious plans to become an international banking group that's how big your money grabs their bets but two thousand foot sea in their bank plans to generate the one per cent of its income from international operations here also felt that he believes in the great potential of those eastern european countries where all their branches except the banking market of. the world the market will be generating up to months of five billion euros by two thousand and fifteen and it's more than russia's potential those burbank just wants to use eastern european you know the bank as a platform for its own international operations bank is among the top ten lenders in the czech republic slovakia coalition in bosnia this is a traditional banking business here in a complicated structures are toxic assets there's no dependence on securities operations and

here on r t first russia's biggest lenders their bank is one step closer to acquiring vokes bank international the supervisory board of the european company has already approved the sale of the bank's reach agreement earlier this month but no details were provided by analysts estimate the takeover at around seven hundred million dollars with their bond blatting to finalize it by the end of the year the acquisition is aimed at helping the russian company expand its activity in the eastern european market. or russian car drive off the bus has stirred a profit for its french shareholder wrote for the first time while the carmaker managed to squeeze thirty seven billion euros out of its affiliates in the first half of the year that compares with a fifty six million euros loss at the same time a year ago the whole row group reported a fifty six percent jump in first half net profit. let's take a look at the markets precious metal prices are down this hour however they are still high as investors look for a safe haven due to the uncertainty over the u.s. that resolution that's after republicans canc

this purchase goes the law in the with better banks ambitious plans to become an international banking group that out of bank care must be of help just that by two thousand hurts the bank plans to generate up to seventy percent of its income from international operations we have also said that he believes the great potential of those eastern european countries where both banks how their branches he's out the banking market of such countries as the czech republic all flock here will be generated seen up to ninety five billion euros by two thousand and fifteen and it's more than a brush with potential still want to use the eastern european union the whole book bag now they platform for its own international operations now and again mcgrath explains why they've chosen this particularly bank. bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures are toxic assets there is no dependence on securities operations and almost no big corporate clients you could be called the bank for medium si

bank international and it's the first acquisition of its kind by russian bank now business arts or has all the details for us this purchase goes in line with their bank's ambitious plans to become an international banking group out of bank care money grab that by two thousand proteins better bank plans to generate up to seven per cent of its income from international operations also felt that he believes in the great potential of both eastern european countries where more bank has branches is that the baking market that's hard to calculate the force of ikea will be generating up to months of five billion euros by two thousand and fifteen that's more than russia's potential both their bank just wants to use the eastern european union bank as a platform for its own international operations we. expect is among the top ten lenders in the czech republic slovakia crew we should. this is a traditional banking business there are no complicated structures are toxic assets there is no dependence on securities operations and almost no corporate clients it could be called the bank for medium sized

looks like spain will be sucked into this vortex of deceit the banks the myth the major global banks internationalanks they get the local governments like papyrus to commit fraud on behalf of the banks to lower the economies up with hundreds of billions of dollars worth of debt in the case of greece we're talking now five hundred billion euros in debt that was illegally parked on their balance sheet and then when they can't pay back at that they take all other assets as recompense for the debts that they never incurred but you're saying the big difference of course is that in greece they're part of the euro down so you have this contagion effect whereas in argentina it was a self-contained economy and it was a bit of a silo a fact that just happened within the confines of that economy correct exactly so yes that's exactly the point we have to see that this is really all part of the model we are dealing with a global power elite whether you're in argentina whether you're in greece whether you're in britain or even in the united states a global power elite that is above all nation states that's why

this business from bank international. it will be very very first purchase outside the former soviet union was quite clear it was better because. in eastern europe it's markets is still very very similar to russia as a c.i.s. markets and the bank itself is a very lucrative targets prospero bank as it has a wide network of branches across nine countries in central and eastern europe what do you know by now is that the today's better bank from a doll's approach is the whole eight hundred percent of the eastern european unit all folds bank and some national press to make it a hundred and forty million dollars and so we're now here at burbank so i was waiting for the head of bank get a bump you have to give us all the details of the outcoming deal that so you know ok thank you to us and we will indeed work for those comments from the management of the sperm bank on the deal thank you so much. let's take a look at the markets now we start with the commodities and oil has actually changed the pace and direction pretty much it's

expanding into europe sperm bank has agreed to buy the east european units of austria spokes bank international for up to eight hundred forty million dollars the first acquisition of its kind by a russian bank the head of those burbank get explains the reasons for the deal. it's our first step towards transforming spira bank into a global bank the decision was made based on our own bishan to make five to seven percent of our profits from overseas operations by twenty fourteen the bank we were buying is in the fast growing global central and eastern european region we see the acquisition as a springboard for further expansion into europe. well i did talk more on this we're joined by richard haynesworth general director of rust rating richard thank you so much for being with us sir is it a good deal well it's certainly an interesting deal. in terms of the synergy of spare bike moving into a different market going beyond the borders of russia. although we know that he has got banks in other parts of the world these banks such as what used to be called moscow in their opening bank or euro bank in f

russia's biggest lenders burbank is one step closer to acquiring forbes bank international supervisory board of the european company has approved the sale the banks reached agreement earlier this month but no details were provided analysts estimate the takeover at around seven hundred million dollars what's burbank planning to finalize it buying years and the acquisition is aimed at helping the russian company expand its activity in the east european market. and russian car giant after vos has turned a profit for its french shareholder a no for the first time the comic i managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euros loss at the same time a year ago and the whole of the whole way no group reported a fifty six percent jump in first. and there's going to be petrol in the problems for all those a lot of us to run on energy minister said explains while the government is doing to avert a repetition of the gasoline prices this year. the growth of the for you for the year two there is no risk of a f

business news this hour while russia's biggest lender is one step closer to acquiring vokes bank international the supervisory board of the european company has already approved the sale all the banks reached agreement earlier this month but there were no details provided but analysts estimate the takeover at around seven hundred million dollars it's a bit about planning to finalize it by the end of the year the acquisition is aimed at helping the russian company expand its a pivot in the eastern european market. now russian car giant has turned a profit for its french shareholder for the first time while the car maker managed to squeeze thirty seven million euros out of its affiliates in the first half of the year that compares with a fifty six billion euro loss at the same time a year ago now the whole group reported a fifty six percent jump in first half that price. and there's going to be petrol in the problems for all those a lot of us to ride on energy minister said explains what the government is doing to avert a repetition of the gas crisis earlier this year. there is no risk. in the c

russia's biggest lenders bear bank is one step closer to acquiring falls bank international supervisory board of the european company has approved the sale the bank swished agreement oh yeah the small but no details were provided analysts estimate the takeover at around seven hundred million dollars would spare bank planning to finalize it by the end of the year the acquisition is aimed at helping the russian company expand its activity in the east european market. and oil major rossi have has boosted its second quarter net profit by ten percent year on year to two point eight billion dollars profits were held by high global cool prices are also limited by increasing taxes results with below analyst expectations. russian car giant after vos has turned a profit for its french shareholder raynal for the first time you can make a managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euro loss the same time a year ago the whole group reported that fifty six percent john. paul. it's all the years we have for yo

russia's biggest lenders pair bank is one step closer to acquiring talks bank international a supervisory board of the european company has approved the sale the banks reached agreement earlier the small but no details were provided. made to take over at around seven hundred million dollars were. planning to finalize it by the end by the year's end the acquisition is aimed at helping the russian company expand its activity in the east european market russian car giant after bars has turned a profit for its french shareholders rayno for the first time the carmaker managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euro loss at the same time a year ago holding a group of four at a fifty six percent jump and that's half that off now there's going to be petrol in the pumps for all those loudest around energy this is a core explains why the government is doing so overtly repetition of the gasoline prices earlier this year. the growth of the food you can tell you there is no risk of a few a deficit in the count

russia's burbank is finalizing the agreement to acquire the eastern european unit of austria's bank international the deal could be the biggest acquisition by the russian and outside the former soviet union and is expected to be closed by the end of the year sources close to the talks says burbank could pay up to eight hundred fourteen million dollars for the acet. gold prices hit a record high on first there's investors look for safe haven from the storm brewing in the world's biggest economies now it's coming down just a notch at the moment well seen as a traditional store of value gold is being driven by concerns over the us desert you ation and the prospect the federal reserve will print yet more dollars when i was in your e.t.f. capital believes there's no limits to the current rally. it did look like a few weeks ago the price of gold was going to come in lower but in your view you're starting to see increased eurozone concerns increased inflationary concerns the prospect of more quantitative easing more stimulus spending from the from the federal reserve we thought that that finished at the

is a step closer to a private folks bank international coming up at.one pm here in moscow you're watching r t on carried on. the top story now the country which holds more u.s. debt than any other has hit out at the failure of congress to reach a deal over its debt ceiling china says the political deadlock in washington threatens the entire global economy. so far republicans and democrats have d.n.a. the vote has been limiting what the country owes as they haven't agreed on rival budgets they have until tuesday to avoid a potentially devastating default earlier in the week u.s. secretary of state hillary clinton was in beijing to reassure asian leaders that america will not fall back on its debt payments need to shift from investment company euro pacific capital thinks china could well dumb the dollar as its main reserve currency we can't afford bad relations with china see beijing holds the cards you know we're dancing to the tune that they play the real problem for china is that there's no way that america can pay back the money that the chinese have

russia's burbank is finalizing the agreement to acquire the european units of forestry as a focus bank international but you could be the biggest acquisition by the russians and outside the former soviet union as expected to be closed by the end of the year sources close to the talks could pay up to one billion dollars for the us it. gold prices hit a record high as investors look for a safe haven from the storm brewing in the world's biggest economies and it's coming down just i'm not. gold is seen as a traditional store of value and it's being driven by concerns over us the situation on the prospect the federal reserve may print even more greenbacks by those of us. believe there's no limits to the current. it did look like a few weeks ago the price of gold was going to come in lower but in a few years starting to see increased eurozone concerns increased inflationary concerns the prospect of more quantitative easing more stimulus spending from the from the federal reserve we thought that that finished at the end of june now in the last couple of days or so it is an increased likelihood that the fe

russia's potential those burbank just wants to use eastern european you know the bank as a platform for it to hold the international operations bank is among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures or talks like assets there's no dependence on securities operations and almost no good corporate clients it could be called the bank for medium sized and small business loans where banks plans to finalize the deal by the end of the year and it's just the beginning here but we have felt that they hold resolutely without some banking also a lot of parts of europe how they interest you. now let's take a look at the markets now u.s. stocks are in the black and that's despite reports consumer sentiment plunged in july with many saying views on the current economy and expectations worsens. in europe some of the session slightly down us traders were cautious ahead of the release of bank stress test results will come out later to. day and rochelle markets closed mixed after a difficult week volume's word down as many people w