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servative assessment by banks of the quality of 200 billion roubles to VTB, and 25 billion roubles their loan portfolios. to Rosselkhozbank. Several private banks

stood at 1.8 billion roubles, and that of shares floated by VTB Bank and Sberbank on the those connected with the reorganisation of credit

good, the principal source of expansion of the re and Sberbank and VTB Bank shares. Ruble de source base of credit institutions in 2007, as

in respect to the London based Moscow Narodny Bank (VTB Bank Europe) and Paris based Eurobank (VTB Bank (France) SA) for 3 years and 2

3 billion institutions, ordinary shares floated by Sber roubles, respectively. bank and VTB Bank on the MICEX Stock Ex In 2010, 177 share issue reports

left hand scale) VTB capital (left hand scale) Other credit institutions’ capital (left hand scale) Capital/assets net of Sberbank and VTB (right hand scale

scale) Credit institutions’ shares (equities) portfolios Capital/assets net of Sberbank and VTB Other loss factors (right hand scale) Capital 41 BANK OF RUSSIA ed

institutions’ investments in shares (equity stakes) Capital/assets net of Sberbank and VTB Other factors of loss (right hand scale) Capital 41 BANK OF RUSSIA

capital growth). Due to Sberbank and bank and VTB Bank, which was largely a result of their VTB Bank, which belong to this group, authorised

and culture for the country’s prosperity. Laurentius президентом академии был назначен медик Blumentrost, the personal physician to Peter I, was Лаврентий Блюментрост. Деятельность Академии