Russian Banks Enter The Computer Age
The Russian Republic is gearing up to push its backward banking system into the 20th century. On Sept. 24, the Russian government signed a preliminary agreement with American Telephone & Telegraph's NCR unit to computerize the Russian banking system. The contract is worth up to $1.5 billion. The deal would involve installing computers, automatic teller machines, and communications equipment in up to 40,000 Russian savings banks over the next five years.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.