Source Pravda.Ru

Central Bank: Ratio of bank assets to GDP to reach 45% by 2007

By the end of 2006 the ratio of bank assets to gross domestic product (GDP) will reach 45%, said First Deputy Central Bank Chairman Andrei Kozlov at a session of the Federation Council's interregional bank council yesterday. Kozlov said that 'at the present time the ratio stands at 40%. In European countries and the US the ratio is approximately 80-120%.' The Russian ratio of bank assets to GDP corresponds more closely to that of Ukraine, Mexico and Kazakhstan. However, Kozlov said that if the economic situation in Russia remains favourable and the bank system consequently solves its problems connected with strategic development, then the strong domestic economy should become 'the motor of economic development along with foreign trade.'

© &to=http://www.rosbaltnews.com/' target=_blank>RosBalt

In an exclusive interview with Pravda.Ru, US filmmaker talks to Edu Montesanti on the presidential elections in the Caribbean country, and its importance to Latin America. "The left will come back in Latin America, more likely sooner than later," says Oliver Stone

Exclusive Interview: Oliver Stone on Venezuelan Election

In an exclusive interview with Pravda.Ru, US filmmaker talks to Edu Montesanti on the presidential elections in the Caribbean country, and its importance to Latin America. "The left will come back in Latin America, more likely sooner than later," says Oliver Stone

Exclusive Interview: Oliver Stone on Venezuelan Election