Latest articles from Russia

Progress and potential

July 2, 2004

Jules Stewart reports on the main points raised at The Banker’s Banking on Russia conference.
Three leading market participants addressed a conference on Russian banking organised by The Banker on May 24 to review progress made in reforming the sector and assess the outlook for future progress.

Russia and Ukraine ratify UEA

June 2, 2004

The Ukrainian and Russian parliaments ratified an agreement, at the end of April, to create a free-trade Unified Economic Area (UEA). The pact, tying the two fast-growing economies more closely together, has forged the European Union of the east.

The future of Russian banking

June 2, 2004

With a new presidential term for Vladimir Putin and crucial administrative reforms underway, Ben Aris considers the future shape of Russia’s over-banked financial system.

Foreign banks join Russia’s capital markets party

April 5, 2004

As the economic good times roll in Russia, foreign banks are either bolstering their current operations or looking for a way in, says Geraldine Lambe.

There may be roubles ahead

April 5, 2004

Despite concerns over the wisdom of letting a state bank manage Russia’s pension fund, profits so far have been promising. Ben Aris reports from Moscow.

Surer footings

April 5, 2004

Despite its shortcomings, Russia’s banking sector appears to be stable enough to avoid a systemic crisis, even when faced with a worsening foreign economic environment. Andrey Kostin, CEO of Vneshtorgbank, explains.

All change?

April 5, 2004

Ben Aris reports on the expected repercussions of President Putin’s re-election.

Spending spree boosts borrowing

April 5, 2004

A flourishing economy is allowing the average Russian to enjoy a hitherto-unknown lifestyle, a fact which hasn’t escaped the notice of the bank and loan men. Ben Aris reports.

High street goldmine

April 5, 2004

Russian banks that used to primarily focus on large corporate customers are now looking at the retail business as a key element of their market strategies.

Pensions shock boosts funds

April 5, 2004

Russia’s mutual funds were wiped out in the 1990s crisis. However, news that the state pension fund is unlikely to provide its citizens with much of a nest egg has fuelled new growth in the area. Ben Aris reports.

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