Oligarchs still in the driving seat

Headline: Oligarchs still in the driving seatSource: EuromoneyDate: September 2001Author: Ben Aris Russia has done little to reform a banking sector that is still littered with hundreds of thinly capitalized and barely functioning institutions. But there are some signs of improvement. A stronger economy has made it more attractive for the larger commercial banks to […]

Headline: Oligarchs still in the driving seat
Source: Euromoney
Date: September 2001
Author: Ben Aris

Russia has done little to reform a banking sector that is still littered with hundreds of thinly capitalized and barely functioning institutions. But there are some signs of improvement. A stronger economy has made it more attractive for the larger commercial banks to start lending to Russian companies. It’s a new game for them.

       
Viktor Gerashchenko
The Russian banking sector has begun to recover, no thanks to the government.






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