Efficient, but not without help
Published Date: 11/14/2019
Source: phys.org
HSE University economists analyzed which banks performed best on the Russian market from 2004 to 2015—state, private, or foreign -owned ones. They found that during stable economic and political periods, foreign-owned banks tend to take the lead, while during a crisis period, such as from 2008 to 2013, state-owned banks outperformed them.