COMMERCIAL BANKS GUIDE

The next stop is Russia. After the fall of communism, the commercial banking sector underwent a rapid development and by 1995, the number of commercial banks was just under 3,000. However, most of these banks were small and their financial reliability was dubious. Nowadays, Russia's commercial banking sector is based on large, viable, and highly-reliable banks. The Soviet-era Savings Bank (Sberbank) is currently Russia's strongest and largest commercial bank. Russia's MDM Bank is a leading independent provider of integrated financial services.

Also known as: commercial banks in Canada