The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

The credit crunch heads east: Russian banks prepare for battle

Just as banks in Russia were beginning to resemble their peers outside the country, engaging in conventional retail and corporate banking, the western financial market crisis hit. Reduced availability of long-term funding from abroad highlights the shortage of such a market in Russia and reveals a systemic vulnerability. Will this help state-owned banks, which had previously been losing market share, turn the tables on their privately owned rivals?

Inflation, not liquidity, is the real problem


NO DOUBT IT is the boomtown traffic clogging Moscow’s wide roads that suggests the simile to the senior Russian banker. He has abandoned his car and arrives for the meeting with Euromoney short of breath and sweating from the brisk walk in the spring sunshine. "The financial system may slow or even stall in Russia but there’s one fast lane that is still open – and that’s for the state-owned corporations and banks to speed along.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree