|
|
Article: Russian Bank Finding a Rocky Road in the U.S.
- Article from:
- American Banker
- Article date:
- February 19, 1998
- Author:
CopyrightCOPYRIGHT 1998 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)
|
The calm elegance of a luxury hotel suite high above the hustle of midtown Manhattan wasn't enough to allay Vitaliy B. Malkin's frustration.
Mr. Malkin, president of Rossiyskiy Kredit Bank of Moscow, was in town seeking partners to invest in the next round of industrial privatization in Russia.
But his efforts to increase his visibility in the United States for his bank have been slowed, because its application to open a representative office here is in limbo.
New York State authorities said they need more information from Rossiyskiy before acting on the nearly year-old application.
U.S. banks are expanding much faster in Moscow, Mr. Malkin ...