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In Russia it’s the same bad guys controlling the whole country, including it’s financial institutions. The largest bank in Russia is Sberbank, 50% state owned,
by Const-me 8y ago
In Russia it’s the same bad guys controlling the whole country, including it’s financial institutions. The largest bank in Russia is Sberbank, 50% state owned, managed by Putin’s friend from 90s. Second largest is VTB, this one is 60.9% state owned.
- chupasaurus 8y ago85% of market (by assets) is controlled by government owned banks. There is only one large private bank in Russia after collapse of so-called Moscow Bank Ring (4 pretty big banks were basically frauding the regulator with holding other's stocks as reported assets, one went bakrupt - all others did).