THE FINANCIAL SECTOR IS UNDERMINING THE ECONOMY

A&G Information Services,  March, 2005  

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A&G Information Services 03-07-2005 THE FINANCIAL SECTOR IS UNDERMINING THE ECONOMY ST.PETERSBURG, RUSSIA, Mar 07, 2005 (A&G News via COMTEX) -- The Central Bank has published on its official site the results of development of the banking system in Russia. They turned out to be non-consoling.

For example, at the end of 2004 the capital adequacy of the banking sector of Russia (the normative N1) decreased from 19, 1% at the end of 2003 to 17%, the ratio of the fixed capital to assets, weighted in accordance with the risk level, ...

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