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Article: Life at the top.(Russian Federation)(Open Finance)
- Article from:
- American Banker
- Article date:
- January 27, 1997
CopyrightCOPYRIGHT 1997 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When Moody's awarded a better-than-expected Ba2 credit rating to Russia in October, it must have signalled to many that the worst was over. While numerous small banks have closed, the major institutions have now accumulated more than half the country's banking assets and moved on to play a more influential role in the economy as a whole.
Rossiyskiy Kredit Bank has emerged as one of these leading institutions. Over its six-year history it has built up a network of more that 60 branches in Russia, along with offices in Bahrain, Switzerland, Hungary, China, Vietnam and other CIS states.
Two years ago, the bank began to reassess its technology needs. It ...