Russia Banks on Europe Not US
Interfax News Service | April 4, 2005
Russian banks had more interbank loans
and deposits with banks in Germany, France and Italy, but less in the
United States, Britain and Austria in 2004, the Central Bank of Russia
reported on its website.
The proportion of Russian bank funds placed with banks in Germany
increased from 2.4% to 7.2%, in France from 1.6% to 3.1% and in Italy
from 1.0% to 1.8%.
But the proportion of funds in banks in the United States decreased
from 8.2% to 6.7%, in Britain from 9.0% to 6.6%, in Austria from 6.8% to
6.1% and in other countries from 18.8% to 14.5%.
The proportion of funds placed in Russian resident banks was 54.0%
last year versus 54.2% the year before. It had been 37.9% on the first
of January 2002 and 41.1% one year later.