After five years of crisis and no profits, Russia’s banking is back in profit and starting to grow again. But it's a lacklustre growth as companies are not borrowing and growth is well below potential.
The uncertainty over sanctions, who will come after president Vladimir Putin and the increasingly predatory nature of the state-owned enterprises (SOE) are weighing on sentiment.
bne IntelliNews editor-in-chief Ben Aris talks to Vladimir Gorchakov, Associate director at Ratings Agency Expert RA, who says that the directors of commercial banks have grown tired and earn for more certainties.
Ben Aris, editor-in-chief, bne IntelliNews
Vladimir Gorchakov, Associate director, Ratings Agency Expert RA