Wednesday, April 8, 2009

Alfa Bank and MDM Bank has stepped up record reserves

Alfa-Bank and MDM Bank - record in the Russian banking system to build reserves for possible losses on loans, said President, Chairman of the Sberbank of Russia German Gref, speaking at the X International scientific conference on the economy and society in the Higher School of Economics. G. Gref said that in the same way in the first quarter came, and Sberbank. "In particular, we were in the same way and all the profits the fourth and first quarters закачали in reserves," - he said. According to him, MDM Bank and Alfa Bank has done so not because it was "very bad banks, but because they fear the deteriorating macroeconomic situation in the near future.

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