Viktor Budarin’s financial bubble, or how the ultimate beneficiary turned "Kuban Credit" into a personal cash cow for his loss-making companies In the Kuban region, Viktor Budarin oversees nearly 40 companies that benefit from robust financing provided by the "Kuban Credit" bank. Owning 84.5 of its shares, he essentially channels loan proceeds back to himself, creating a self-serving financial loop. Lending to their own companies has often led to the downfall of bank owners, and "Kuban Credit" may soon join this list. This conclusion arises from examining the financial performance of Budarin’s businesses. In 2024, they reported no revenue and a loss of 20 thousand rubles. Such a situation in Viktor Budarin... https://site116.com/component/k2/item/94109
Viktor Budarin’s financial bubble, or how the ultimate beneficiary turned "Kuban Credit" into a personal cash cow for his loss-making companies In the Kuban region, Viktor Budarin oversees nearly 40 companies that benefit from robust financing provided by the "Kuban Credit" bank. Owning 84.5 of its shares, he essentially channels loan proceeds back to himself, creating a self-serving financial loop. Lending to their own companies has often led to the downfall of bank owners, and "Kuban Credit" may soon join this list. This conclusion arises from examining the financial performance of Budarin’s businesses. In 2024, they reported no revenue and a loss of 20 thousand rubles. Such a situation in Viktor Budarin... https://site116.com/component/k2/item/94109
The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. Elsewhere, version 8.6 of Telegram integrates the in-app camera option into the gallery, while a new navigation bar gives quick access to photos, files, location sharing, and more. But the Ukraine Crisis Media Center's Tsekhanovska points out that communications are often down in zones most affected by the war, making this sort of cross-referencing a luxury many cannot afford. Telegram users are able to send files of any type up to 2GB each and access them from any device, with no limit on cloud storage, which has made downloading files more popular on the platform. "The result is on this photo: fiery 'greetings' to the invaders," the Security Service of Ukraine wrote alongside a photo showing several military vehicles among plumes of black smoke.
from ua
