A SUPPLEMENT TO EUROMONEY/APRIL 1999: EASTERN EUROPE
Looking out of the boardroom of Conversbank, it is easy to forget that there is a banking crisis going on. The river Moskva flows below, half choked with ice, and the bank’s staff bustle about servicing the needs of their clients. It is business as usual. Well almost.
The financial crisis that swept through Russia last August has killed off such big players as Inkombank and crippled other leading banks such as Uneximbank, SBS Agro and Menatep.
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