| Author: | Caplen, B. |
| Title: | Losing other people's money |
| Journal: | Euromoney
1999 : APR, 4, p. 56-62 |
| Index terms: | BANKS RUSSIA EUROPEAN UNION |
| Language: | eng |
| Abstract: | The EBRD's shareholders demanded that the bank be big in Russia. The investment bankers running the place responded by making deals. The result? 261.2 million euro ($284 million) of losses last year more than half due to provisioning against the Russian portfolio. New president Horst Kohler says that strategy not volume must drive programmes in future -- corporate governance, institution building and lending to small enterprises are his top priorities. |
SCIMA