Looking for national champions

Headline: Looking for national championsSource: EuromoneyDate: September 2001Author: Ben Aris Ben Aris spoke to Yuri Ponomarev, the chairman of Vneshtorgbank (VTB), the international trade bank of the Russian Federation, which is now Russia’s largest bank ranked by shareholders’ equity.         Yuri Ponomarev Isn’t the dominance of state banks bad for the health […]

Headline: Looking for national champions
Source: Euromoney
Date: September 2001
Author: Ben Aris

Ben Aris spoke to Yuri Ponomarev, the chairman of Vneshtorgbank (VTB), the international trade bank of the Russian Federation, which is now Russia’s largest bank ranked by shareholders’ equity.

       
Yuri Ponomarev
Isn’t the dominance of state banks bad for the health of the sector?
Before the [1998] crisis the government dealt with a huge sprawling network of banks, and officials were free to deal with anyone they chose.







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