Bank of Russia warns some banks must enhance capital adequacy


The Bank of Russia has published its first bi-annual financial stability review, saying financial conditions are generally strong, but that some banks will need to act to halt a downward slide in capital adequacy.

"The situation in the Russian financial system remains quite favourable today," the central bank said, suggesting this was down to strong macroeconomic conditions – notably a high oil price. Russian banks' profits hit a "record high" in October 2012, while growth in household borrowing

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