No Russian banking crisis says Ignatyev

Chairman of the Russian Central Bank, Sergei Ignatyev, told a press conference on Friday 18 June, that the situation with ruble liquidity on the Russian inter-bank loan market is stabilising and that a banking crisis in Russia is highly unlikely.

"We don't have any problems," Ignatyev said.

According to CBR's Chairman, the Russian banking system is currently "stronger than it was two or three years ago, and the likelihood of a banking crisis is extremely small, and with time it will get to be e