Russian Banks Increase Investments In Enterprises

The total volume of investments of Russian banks in stocks went up 26 per cent in the first nine months of this year and reached 33.833bn rubles ($1.12bn) by October 1, 2001, the department of external and public relations of the Central Bank reported. 96.4 per cent of these investments were made in stocks of domestic non-banking enterprises. The volume of investments in other banks made up 1.099bn rubles ($36m) as of October 1, which is 3.2 per cent of the total volume of investments in stocks.