Russian Loan Program Has Banner Month

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The Putin Lending Plan for Sberbank (07/22/09):

A significant part of the [branch] network is not profitable but you cannot abandon it," he said. "This is your payment for the state support."

The Results (08/18/09):

The head of a Moscow branch of Sberbank, Russia's largest state bank, is suspected of plundering over $180 million, the Interior Ministry said on Tuesday.
"A criminal investigation has been opened against an organized group comprising the head of a Sberbank branch, its economic security officers and their accomplices, who plundered large amounts of money," said Alexei Shishko of the ministry's economic security department.

No word yet on how this will impact vacation permission slips.

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