Andrey Shalimov on community banking | Vozrozhdenie
World Finance interviews Andrey Shalimov, Deputy Chairman of the Vozrozhdenie Bank Management Board, on how Vozrozhdenie's position as a community bank has helped it succeed
The Russian banking sector in its present form is just 20 years old and, with much of it controlled by European banks, it has felt the strain since the 2008 crisis. Analysts are expecting a decrease in its capital this year and a worsening quality of consumer loans. Andrey Shalimov discusses how Vozrozhdenie Bank has attained a stronghold in the sector through a commitment to good corporate governance and positioning itself as a community bank.