Source Pravda.Ru

Russian Banks Increase Investments In Enterprises

Russia » Economics

The total volume of investments of Russian banks in stocks went up 26 per cent in the first nine months of this year and reached 33.833bn rubles ($1.12bn) by October 1, 2001, the department of external and public relations of the Central Bank reported. 96.4 per cent of these investments were made in stocks of domestic non-banking enterprises. The volume of investments in other banks made up 1.099bn rubles ($36m) as of October 1, which is 3.2 per cent of the total volume of investments in stocks.