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Monday, October 24, 2016

The national Bank of Ukraine confirmed the Russian banks curtail business in the country

Russian banks in Ukraine have ceased to develop their business in the country and took a course in its gradual tapering. This was stated by the head of the Ukrainian national Bank Valeria Gontareva, stressing that he sees nothing wrong with the current trend.

photo: Gennady Cherkasov

Gontareva said that working in Ukraine, Russian banks have passed the stress test, having large holes in assets, and have managed to increase their capitalization.

“If you noticed, the Russian banks are not developing their businesses, and slowly close it. And if they decide to sell their subsidiary banks, may sell”, – quotes Gontareva “Ukrainian truth”.

The head of the national Bank noted that for the sale of its assets, Russian banks must apply to the regulator for confirmation of the transaction of purchase and sale. However, these requests have not yet been reported.

Previously it was reported that to close their business to Ukraine, Russia the largest Russian banks with state participation: Sberbank, VTB and VEB. According to experts, the organization decided to take advantage of stabilization of the Ukrainian financial market and find buyers for its assets.

The “Alfa group”, on the contrary, only increases its presence in Ukraine through the purchase of Ukrsotsbank by Unicredit Group.

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