Source Pravda.Ru

PM stamps banking sector reforms as slack

The reforms of the Russian banking sector are "not the most liberal and are progressing at not the highest speed", Russian Prime Minister Mikhail Kasyanov announced at a government meeting today. He added however that positive tendencies in other sectors of the Russian economy and an increase in Russia's credit rating would allow attracting foreign investments in the banking sector as well. The policymaker is of the opinion that capitalization of this particular sector is growing at a slow pace. According to his forecasts, foreign capital would come to the Russian banking sector before long, and "Russian banks are fully aware of it".

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