Gerashchenko gloomy on Russian banks

Interviewed in The Banker magazine (May 2001 edition) Viktor Gerashchenko, head of Russia's central bank painted a gloomy picture of the state of Russia's banking system.

Q: "One of your deputies said that if IAS are introduced, then one-thrid of Russian banks would instantly go bust.

Gerashchenko: She is right in the sense that these banks have a very small capital base. But, again, she is taking into consideration several factors - that certain legislation will be passed by parliament (an IMF

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