Paramonova-CBR far from saying bank system is well

"The Central Bank of Russia is far from saying the national banking system is well", CBR First Deputy President, Tatyana Paramonova has said. As she spoke at a meeting of Russian and Israeli businessmen in Moscow on Jan. 24, 2000, Paramonova said that a fundamental reform of banking was required.

The Russian banking system is in a qualitatively new condition than three years ago. The number of banks has reduced by half to 1,300. Paramonova said that their position had improved, primarily becau

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