EuroWeek View: Russian banks could miss their golden chance
With Eurozone banks having made a slow return to the Russian loan market over the first two months of 2012, they fear that domestic lenders are primed to capture market share. But Russian banks must change their attitudes towards pricing and documentation before they can fill the funding gap.
Russian banks have the appetite to lend — Fitch Ratings reckons that domestic banks will loan the equivalent of $110bn to companies in 2012, a 20% rise on 2011. This is more than three times the amount lent in the Middle East last year.
But the high prices that
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