Source Pravda.Ru

Banks Association President: Foreign banks sleeping in Russia

'Foreign capital in the Russian banking sector is very inactive,' said Russian Association of Regional Banks President Alexander Murychev in a press conference yesterday.

'Foreign banks have arrived, but so far they are sleeping,' said Murychev. According to Murychev, the share of banks with the participation of non-residents in the aggregate Russian banking sector is not more than 5.3%.

Murychev said that at the present time 125 credit organizations operating with foreign capital are active in Russia. Moreover, 67.2% of these banks are located in Moscow, 6.4% in St. Petersburg and 4% in Tyumen. Leading foreign banks include City-Bank and Moscow International Bank. Leading foreign governments in the Russian banking sector include Germany, the Netherlands, US, France, Austria and Turkey.

He also said that the limited availability of foreign capital would not, however, harm the Russian banking sector. Moreover, he said that it would make sense to establish quotas on employees in banks operating with foreign capital, which call for not less than 50% of bank management employees being Russian citizens and at least 75% of total bank staff being Russian citizens.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
Comments
What may happen to foreign tourists traveling for 2018 World Cup in Russia
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Russian Navy admiral says Russia will torpedo US warships, if need be
Russian Navy admiral says Russia will torpedo US warships, if need be
USA sanctions Russian oligarchs and heads of state-run companies
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
USA sanctions Russian oligarchs and heads of state-run companies
USA sanctions Russian oligarchs and heads of state-run companies
USA sanctions Russian oligarchs and heads of state-run companies
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea