Even for a bank that has pulled through central and eastern Europe’s recent banking shocks (notably Hungary’s), making money is hard going.
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By Ben Aris of business new europe
Russia’s securitisation market is back from the dead after several banks announced deals in the last few weeks – the first since the international debt crisis struck in 2008.
Sergei Monin, chief executive of the Russian subsidiary of Austria’s Raiffeisen International Bank, said this month that the bank plans in May to securitise $200m worth of diversified payment rights (DPRs) – payments due from companies and individual customers for banking services in Russia. Read more
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