Source Pravda.Ru

Top five Russian banks account for 72.4% of investments in state securities

The total value of state securities held by Russian banks was RUR355.04bn (around $11.27bn) on June 1, 2002. According to the data released by the Foreign and Public Relations Department of the Russian Central Bank, five largest Russian banks account for 72.4 percent of this sum. The volume of Russian banks' funds invested in promissory notes was RUR188.79bn (around $6bn) on June 1, 2002, while the banks ranked 51st-200th in terms of their capital account for the larger part of that figure - RUR57.56bn (around $1.82bn). Five largest Russian banks account for only RUR20.89bn (around $0.66bn), or 11 percent of the total investments into promissory notes. The volume of banks' investments into corporate shares and stakes in Russian companies (except for banking institutions) was RUR49.53bn (around $1.57bn) on May 1, 2002. The banks ranked 6th-20th in terms of their capital account for RUR16.55bn (around $0.52bn), while five largest Russian banks' share is RUR16.79bn (around $0.53bn). Five largest Russian banks' bonds also enjoy robust demand on the market. The top five banks account for 33.5 percent of the value of all outstanding bonds, or RUR102.45bn (around $3.25bn).


&to=' target=_blank>Central Bank