Banking crisis declining says Russia's Ignatyev

- Central Banking staff
- 15 Jul 2004

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Russian Central Bank Chairman Sergei Ignatyev said on Thursday 15 July that he believes the banking crisis is declining. "I believe the trust crisis is over. It is very important now to ensure higher activity on the inter-bank loan market," he said.

The Central Bank welcomes the initiative of Sberbank, which is going to play an important role in the restoration of the inter-bank loan market, Ignatyev said.

Sberbank intends to considerably increase the number of such operations and to issue not

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