View settings

Font size:
Site colours:
Images

Settings

Official website of the President of Russia

News   /

In Russia there are already enough banks that have one hundred percent foreign ownership; they feel very comfortable and are creating a normal competitive environment in the domestic market

December 15, 2005

Banks that have one hundred percent foreign ownership should become Russian legal persons and operate according to Russian legislation. Vladimir Putin stated the above opinion at a meeting with Vladimir Potanin, Head of Interros Company.

Vladimir Putin promised to support both national and foreign bankers in order to create a competitive environment and promote the development of the national banking sector.

The day before a meeting on the bank sector's role in the regions' social and economic development was held in Novosibirsk.

December 15, 2005