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Myth of banking crisis
7.07.2005 00:00

The talks of a crisis disrupting the banking system in Russia do not have any grounds. The situation, as the State Duma and Russian Banks Association believe, is totally different from last year’s one.
      
      
       Some problems with liquidity existed, though, related to the payment of taxes, which was admitted but now they have been overcome, with positive indicators demonstrated by most of the banks. Growing demand for equities and promising quotations prove the situation is under control and the banking sector in the upswing.
      


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