Swiss banks and businesses have contributed $118 million to the fund.

Russia's banks contribute only about 3% of overall investment in Russia.

Last year there were suggestions the banks could contribute £1bn.

In 1986, American Express earned $1.25 billion, to which the bank contributed $175 million.

On the other hand, community groups believe bank redlining has contributed to decay of the inner cities.

These overseas Chinese banks contributed to a large extent to the development of the countries and communities in which they were located.

But the bank could have art, he concluded, and in doing so contribute to the neighborhood.

A spokesman for the buyout group said earlier this month that each bank would contribute $500 million.

The banks and their staff have also contributed a great deal to the smooth transition.

The companies did not disclose how much the bank is contributing to the partnership.