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Headline: Too many banks doing too little Source: Euromoney Date: January 2001 Author: Ben Aris Russia’s banks, compared with those in other developing economies, are making a meagre contribution to economic growth. The big corporations, such as Lukoil, have their own banks, and banking institutions in which the state has a stake are beginning to dominate the rest of the sector. Most of the commercial banks are puny, the survivors mostly being those that were too small to wreck themselves in the GKO market crash. |
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