PSB: From Undercapitalized Commercial Bank to Russian Military Bank
Richard Segal, Senior Analyst, Manulife Asset Management
Published: 16 March 2018 01:06
Promsvyazbank, one of a number of large private lenders to be taken under the government wing over the past year, is set to assume an unusual role of the Russian military’s main coffer. Manulife senior analyst Richard Segal considers the prospects of such a specialized lending institution in a challenging landscape of sector consolidation and international sanctions.