Source Pravda.Ru

Russian banking sector on threshold of serious structural changes?

Deputy Minister of Economic Development and Trade of the Russian Federation Arkady Dvorkovich did not exclude that big banks can merge in the Russian banking sector.

Thus, only one or two banks may remain, said Dvorkovich in an interval between the sittings of the World Economic Forum in Moscow. According to him, another one or two banks may be formed in case foreign companies will enter into the capital of Russian banks.

As the deputy minister said, there is room for four or five big banks on the Russian market.

Arkady Dvorkovich believes that in several years the share of the Savings Bank in the banking sector will amount to 40 percent, other big banks will account for 10 percent. "There will be no more room for big banks. But medium and small banks will exist," said the deputy minister.

Well-known economist Yevgeny Yasin said during the discussions at the plenary session of the economic forum that "Russia needs three or four big banks, such as the Savings Bank. In saying so the expert underscored that "the process of merger and absorption of banks must proceed in a natural way."

My article The True Judas discussed the theory that Judas's actions in betraying Jesus were motivated by a misunderstanding of Christ's mission and purpose.

America's judases, part two: Gladys Knight

The United Kingdom stands fatally divided between nations, regions, generations, on the edge of a critical fault line which threatens the future of the Union.

Brexit: UK caught between the past and the future

The United Kingdom stands fatally divided between nations, regions, generations, on the edge of a critical fault line which threatens the future of the Union.

Brexit: UK caught between the past and the future
Comments
Homosexuality and the Decline in American Values
Russian bomber crashes in Novgorod region
America's judases, part two: Gladys Knight
WaPo's Distorted Year in Review
Brexit: UK caught between the past and the future
Two Su-34 fighters touch wings in midair and crash into the sea in Russia's Far East
Dumped by the Trump that Americans Deserved
The Russians will soon wake up to lose two Kuril Islands to Japan
The Russians will soon wake up to lose two Kuril Islands to Japan
The scandal of skewed reporting
The scandal of skewed reporting
US Economic War on China
Russia's 2018: Confidence in Putin gone
Brexit: UK caught between the past and the future
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russia's Status-6 'doomsday weapon' nullifies all of American military projects
Russian 9-year-old boy sets new record for Guinness Book