[Quote of the Week] “We have no idea how to build roads, milk cows or pour metal…We’re finance professionals.”

Vladimir Tatarchuk, Co-Head of Corporate Finance at Alfa Bank, discussing the rationale for selling off unusual assets taken as collateral for loans. According to a Moscow Times article, Russian lenders are seeking to recoup losses by accepting a range of collateral - everything from farm animals to stakes in lingerie retailers - and are now finding themselves with a host of curious assets as non-performing loans increase.

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