Bank of Russia will be able to handle fallout from failing banks, analysts say
Observers disagree over effectiveness of Nabiullina’s reform efforts
Russia’s central bank has put two commercial banks into administration, it announced on September 21, including what it said was the country’s 12th-largest bank by asset size, B&N Bank.
The Bank of Russia says in a statement it is taking over as the “key investor” at both B&N Bank and the smaller Rost Bank, “with the funding coming from the Banking Sector Consolidation Fund (BSCF)”. Both banks will be run by provisional administrations comprising officials from the Bank of Russia and the BSCF
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