Crisis? What crisis?

Russian bankers claim that the country's financial sector is not in crisis. They explain that the apparent chaos reigning over the domestic banking industry is actually a temporary effect of economic reforms started in 1995. Unfortunately, interest rates in the country remain pegged at 30%-50% in hard currency, and banks are still reluctant to credit the average domestic industrial customer. Nevertheless, the Russian financial sector has been showing signs of progress, most prominent of which is a leaning towards renationalization.
Amid the apparent chaos that exists in the Russian banking sector, some positive signs are emerging. There is no crisis in Russian banking, Russian bankers never tire of explaining. There [...]