Source Pravda.Ru

50% Of Russian Banks Must Increase Reliability Within 2 Years

In the next two years, 50% of Russian banks will either have to increase their reliability or undergo restructuring, or be closed down, announced Russian Finance Minister Alexei Kudrin. According to the minister, the two-year period must be enough to effect these changes in accordance with the banking reform. What the banks will have to do, apart from other requirements, is increase the "sufficiency of their capital," said Kudrin.