Source Pravda.Ru

Sberbank on Russian credit market

The share of trans-border crediting in the structure of the Russian credit market is more than 40 percent. Sberbank Chairman Andrey Kazmin made a corresponding statement at today's meeting of the Association of Russian Banks. Such operations are partially out of control of Russian laws. According to Kazmin, "nobody argues against Russian clients receiving an access to cheap resources," but on the other side, it is necessary to support competitive advantage of Russian banks against foreign banks.

Currently, Russian banks are coming across obstacles trying to enter the market of foreign credits. It is primarily connected with the increase of cost of foreign credits, which is being considered now, Kazmin noted.

In addition, according to Kazmin, it is necessary to change the attitude towards negotiations over Russia's accession to the WTO in respect to activities of the Russian bank sector as some issues affect the interests of Russian banks.

Comments
War between USA and Russia will break out only if Americans cross Russia’s red lines
Defending the Social Media with the four-letter word
USA's 'stupid missiles' ensure major victories for Russia on many fronts
Defending the Social Media with the four-letter word
Castro sued over alleged torture
Russia delivers S-300 air defense systems to Syria?
Russia delivers S-300 air defense systems to Syria?
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
USSR shot down Korean passenger Boeing 40 years ago. Chronicles
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
Washington officials claim Russia attacked American military men in Syria
Washington officials claim Russia attacked American military men in Syria
The aims of the criminal bombing of Syria by the Transnational Elite and globalization
Defending the Social Media with the four-letter word
Defending the Social Media with the four-letter word
Russia delivers S-300 air defense systems to Syria?