INSIGHT-No more easy pickings in Russia’s banking market
Reuters reports: Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market -tougher than some bargained for. While some players are thriving, many have found Russia’s banking market too hard to crack, meaning they’re rife with credit, legal and corruption risks. With this being said, Russia remains “under-banked” compared with other countries, which offers tempting growth prospects. But that doesn’t make it any easier to pick the right bank…
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