Gerashchenko sees no Russia banking crisis

There is currently no threat of a systemic banking crisis in Russia, Central Bank head Viktor Geraschenko said. "I don't think that a systemic crisis in the banking sector is possible for us right now," Geraschenko said in an interview.

Commercial banks are not carrying any risks right now related to government securities, and they have not been borrowing heavily abroad as was the case in 1998, he said. Russian banks are also conservative in their lending to the real sector of the economy, Ger

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