Russia Banks Ignore Crisis, Still Taking Risky Bets, Vyugin Says

February 3, 2011



Russian banks are still making high- risk investments in a bid for quick profit, MDM Bank Chairman Oleg Vyugin said at an investment conference in Moscow today.
“People thought serious conclusions would be drawn and banks would change their strategy” after the crisis, Vyugin said. “Ultimately, it seems, this was nothing more than an intellectual discussion.”