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Thursday, October 2, 2014

Russia's Putin pledges help to sanctions-hit companies, banks, (NASDAQ: FISI)

Russian President Vladimir Putin said on Thursday the government would help companies hit by Western sanctions over Ukraine and that it would increase the capital of domestic banks. "The government is prepared to support sectors and companies that have been hit by unwarranted foreign sanctions. This would include helping them raise capital. First and foremost, I mean financial institutions," he told the VTB Russia Calling investment conference.

Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI traded higher by 0.13% or $0.03/share to $22.51. In the past year, the shares have traded as low as $19.72 and as high as $26.59. On average, 41986 shares of FISI exchange hands on a given day and today's volume is recorded at 34791.