Kiev sanctions will have little effect on Russian banks – Moody’s

Санкции Киева слабо повлияют на банки РФ - Moody’s

Ukrainian sanctions not strongly affect Russian banks, believe in Moody’s

At the same time, the sanctions will significantly affect the Ukrainian “daughter” of Russian banks.

Sanctions against Ukrainian “daughters” Russian banks on parent banks themselves will have limited impact. This is stated in the review the rating Agency Moody’s.

Sanctions against banks with Russian capital in Ukraine was introduced on March 16. They include a ban withdraw capital above legal entities outside the country in favor of related persons.

“The direct effect from sanctions will be limited to the Russian parent banks, as their risks in Ukraine are only a small part of their balance sheets,” noted the Agency.

It is reported that by the end of 2016, the assets of Sberbank accounted for only 0.46 percent of total assets of the parent company, VS Bank, 0.04%, Prominvestbank, 2%, BM Bank – 0,03%, VTB Bank – by 3.3 percent.

Nevertheless, sanctions did have a significant impact on the Ukrainian “daughter” of Russian banks.

“Negative public opinion, growing regulatory pressure and uncertainty about the future of banks could lead to failures in operations, damage to reputation, it is likely to undermine the trust of customers”, – said in the review.

We will note, according to the NBU, Ukrainian “daughters” Russian banks have 36 billion hryvnia obligations to individuals and legal entities of Ukraine.

Sanctions against Russia

In Ternopil concreted Sberbank

In Russia came under sanctions allowed not to pay taxes

Canada urged the world to pressure Russia over Crimea

Putin discussed with the business situation in Ukraine

The United States once again condemned the occupation of Crimea
Source

Leave a Reply

Your email address will not be published. Required fields are marked *