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| Author: | Lee, P. |
| Title: | The credit crunch spreads east. Russian banks prepare for battle |
| Journal: | Euromoney
2008 : MAY, VOL. 39:469, p. 74-82 |
| Index terms: | financial markets crises banking Russia |
| Language: | eng |
| Abstract: | The Cover story article deals with the impact of the credit crunch on Russian banks. Just as Russian banks 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 reveals a systemic vulnerability. Will this help state-owned banks, previously losing market share, turn the tables on their privately owned rivals? |
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