There can be no stronger sign of progress in Russian financial structuring than the news of the revival of Inkombank, one of the institutions worst hit in the crisis.
A year ago, Russia’s largest commercial bank closed its doors, unable to pay its creditors. Inkombank disappeared from public view, only to emerge again a few months ago when management announced plans to resurrect the bank. Some belittle the efforts and have given up on the notion that even one Russian bank might restructure and reopen in a decent way.
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