Russian investors will face margin calls if the Russian stock market continues falling for another few days, VTB bank Deputy Chairman Georgy Moos warned late on Tuesday.
"Several more days like we are seeing now and we will see margin calls," Moos said.
The global markets crisis has wiped about $200 billion off the value of local stocks with leading bourses losing up to 6 percent on Tuesday alone.
However, Moos believes that the 2008 crisis, when margin calls ruined many companies, has taught Russian banks a lesson.
"We see very few such loans. The loan portfolio to collateral ratio allows the value of the collateral to fall 50-60 percent. Only then we'll see a margin call," he said.
The Russian markets rose slightly on Wednesday morning, the RTS up 1.07 percent to 1238.05 and the MICEX up 1.35 percent to 1284.93 at 11.30 Moscow time.