Russian PBs face up to funding test after depositor exodus
The state of Russia's banking system is making investors nervous and causing bond prices to drop. But that does not necessarily mean funding troubles for some firms in the sector.
Market confidence in the Russian banking sector has been shaky since the collapse of Russia’s 33rd largest lender, Yugra, in July.Regulatory changes on non-state pension funds and state budget deposits have led to Rb435bn ($7.34bn) in outflows of customer deposits from Otkritie in June and July, according to ...
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