Interview at Davos Economic Forum to CNBC

... pressure on reserve ratios and will force banks to protect themselves by setting aside reserves for non-performing loans. Are you worried that this year, if, as you say, we get this very weak oil price and this weak ruble, that we're going to have a banking crisis in Russia? HG: There's a big discussion in our country, is it crisis or difficulties in our economy, because nobody wants to use this word, crisis, and banking crisis is a very special thing. In my opinion, this is a banking crisis, we ...