Banks Made $2.2Bln on Bet That Ruble Would Drop

29 June 2012 | Issue 4916

The Moscow Times

Banks earned 73.3 billion rubles ($2.2 billion) in May, or 62.4 percent of their profit for the month, from the weakened Russian currency, according to an expert's analysis.

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Banks Made $2.2Bln on Bet That Ruble Would Drop

Comments via Facebook

Despite Downturn, GM Investing $200M in Local Car Parts Plant

Finance Ministry Bids to Limit World Cup Spending

Rusnano Seeks to Lure $5Bln Investment

Political Feud Rattling Investors in Georgia

Dvorkovich Sees Possibility of Guriev Return

Businessmen Eagerly Await Recycling Law

Banks Made $2.2Bln on Bet That Ruble Would Drop