Russia in need of banking revolution



While investors tend to have short collective memories and emerging market investors have perhaps the shortest, no one has forgotten that six years ago last month, Russia defaulted on $44 billion worth of ruble-denominated bonds. So the recent sight of queues of customers waiting patiently to withdraw their savings from some of Russia’s largest privately owned retail banks understandably caused some concern among investors. In the space of a week—July 12 to 19—spreads on privately owned bank

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here