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.
Central & eastern Europe
Latest articles from Russia
There may be roubles ahead
April 5, 2004Despite 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, 2004Despite 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, 2004Ben Aris reports on the expected repercussions of President Putin’s re-election.
Spending spree boosts borrowing
April 5, 2004A 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, 2004Russian 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, 2004Russia’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.
Losing ground but not heart
April 5, 2004Growing competition and the countdown to losing its state guarantee on retail deposits are two challenges that Russia’s giant Sberbank faces. But as chairman Andrei Kazmin tells Ben Aris, he isn’t panicking.
Retail revolution
April 5, 2004State-of-the-art information technology is transforming the experience of retail banking in Russia. Michael Imeson outlines the latest developments.
Russia’s home run
April 5, 2004Vneshtorgbank offers a complete range of financial services, but it is its household mortgage lending service that answers a particular need.