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90% of Russian banks belong to individuals

Russia

About 90 percent of Russian banks belong to individuals, Russian Central Bank Deputy Chairman Andrey Kozlov declared at a round table meeting of Russian and European industrialists today. According to him, one of the problems the Central Bank is trying to solve currently is to reveal the real owners of banks.

Kozlov noted that the issues concerning banking deposits, transferring to International Accounting Standards were to be solved first of all in the Russian banking sector.

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