Wednesday, June 1, 2011

The second wave of crisis may occur in autumn and winter of this year

Alexander Turbanov, the head of the State Corporation "Deposit Insurance Agency (DIA), said that the second wave of the crisis associated with the defaults of bad debts may arise in Russia in late autumn or winter of this year. About this Turbanov said in an interview with Ekho Moskvy radio. " "During this year the agency for rehabilitation may be transferred to approximately twenty banks. In some banks may be revoked license," - said the head of the DIA. Also, according to Turbanova, could be used a new tool - a government buyout of banks' distressed assets and bad loans. Portal Bank.ru

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