Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

A Farewell to Russia
29.06.2011 11:58
A Farewell to Russia

Two more foreign banks will withdraw from Russia. Subsidiaries of American GE Money Bank and Swedish Handelsbanken are going to leave the country. 

      According to Kommersant, American bank is looking for some new partners in a number of countries, so far as General Electric intends to reduce the proportion of assets of the banking sector. This gesture is related to the conditions of receiving assistance from the state during the crisis. 

      Svenska Handelsbanken, a subsidiary of Handelsbanken in Russia has already begun staff reduction. 

      Many other foreign banks started to go out of Russia after the crisis in 2009 and 2010. In particular, the country has been lefty by British International Personal Finance, Barclays and HSBC, Spanish Santander and Dutch Rabobank.


Author: Ksenia Dzhalagonia

Tags: Russian business banks    

Next Previous

You might also find interesting:

Mercedes-Benz Became a Leader Of Russian Premium Market
Inflation In Russia Slowed Down
Russian Banks Increased Profit Nearly Five Times
Sberbank Simplified the Procedure Of Issuing Cards
China State Energy Engineering Company Will Construct a Wind Farm In Karelia

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Yuri Albert  Russian Animation  Russian Traditions  Golden Mask  Russian Cinema  ecology  Elections 2012  Kogalym  Moscow traffic  Nazyvayevsk  IT  Russian festivals  Wood Turning  Roads of Victors  Russian Literature  Karl Brullov  Archeology  New Laws  Okhotsk Sea  Russian tourism  Russian Rock  Valery Gergiev  Icons Exhibitions  poll  Russian Names  Estates  Veliky Novgorod  Russian business  Magnitsky Case  Russia-Vietnam  prices  Graffiti  Russian history  Anton Chekhov  terrorism  Tchebarkul  Anzhi Makhachkala  Russian universities  Mikhail Bulgakov  Moscow  Painting  Nikas Safronov  Mercedes-Benz Fashion Week Russia  Bely Yar  Single Ticket  Football  Elmira Abdrazakova  Pussy Riot  Exhibitions in Moscow  Safari Park of Gelendzhik 

Travel Blogs
Top Traveling Sites