85% 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 (

85% 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).