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Financials

BRIEF-Fitch says Russian banking sector is being reshaped by "clean-up"

Oct 6 (Reuters) - Fitch :

* Fitch says number of banks in Russia could halve in four years as “sector clean-up”, increased competition drive consolidation

* Fitch, on Russian banking sector, says believe about 50 banks would be enough to service the Russian economy

* Fitch says expect nearly half of Russia’s banks to switch to basic licence Source text for Eikon:

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