Russia: Western Banks in Wait-and-See Mode Amid Consolidation, Sanctions Risk
Bonds & Loans
Published: 31 January 2018 07:28
Over the past three years, the Central Bank of Russia has done an impressive job of staving off financial crisis while continuing to consolidate the country’s bloated banking sector. But as the state’s share in the sector approaches 70%, questions are being asked about the sustainability of its approach and the risks for private lenders, particularly those headquartered abroad.