Russian banks: Joining up the dots

In the wake of the August 1998 financial crisis, Russia’s regions became a banking wasteland. But on the back of this decade’s strong economic growth the regions are seeing a financial services renaissance. Guy Norton reports.

Center-Invest: southern champion with a social conscience

Amber Shore of Russia: fun and games on the Baltic

Ursa Bank: hot on the heels of the leader

TO SAY THAT the modern Russian banking industry has had a chequered history ranks as a gross understatement. In the freewheeling early 1990s the Bank of Russia seemingly handed out licences like confetti with the result that the country boasted – if that’s the right word – more than 3,000 banks, more than five times the number in the whole of western Europe.

Access this research

Enter your work email address to sign in or check whether your organisation already has access to Euromoney.