The Central Bank sees no danger of Finistere Russia escalated the fall in Ukraine

Consequences for the Russian financial system in case of escalation of the fall in Ukraine will be limited, because the volume of investments of credit organizations of the Russian Federation in subsidiaries and economy of Ukraine are insignificant, according to the financial stability of the Bank of Russia for the fourth quarter of 2013 1st quarter of 2014.

" Possible direct Effects of the Russian financial system in case of escalation of the fall in Ukraine is limited: investments of Russian credit institutions subsidiary banks in Ukraine and the credits granted to the residents of Ukraine do not exceed 1% of their assets, " emphasizes the regulator.

along with this, the Central Bank acknowledges that the situation in Ukraine's economy remains difficult: the recession and the public debt are accompanied by high leverage non-financial institutions, asset quality deterioration and reduction of liquidity of credit organizations." There is a possibility that the economic problems in Ukraine have the opportunity to become the reason for a new wave of geopolitical tensions, " - according to the Central Bank.

according to the regulator, Russian banks are net creditor against Ukraine on April 1, 2014, the volume of requirements to Ukrainian residents amounted to $ 10, $ 4 billion, representing less than 1% of the assets of Russian credit organisations, while the volume of liabilities - a total of $ 1 billion.

as of the end of April 2014 Ukrainian banking sector has shown 180 banks, among which eleven - with Russian participation, of which four are in the twenty of the largest credit institutions of Ukraine by assets is a subsidiary banks VEB, Sberbank, Alfa Bank and VTB. Together, banks with Russian capital accounts for 13% of the assets of the Ukrainian banking system.

during the reporting period the requirements of the Russian credit institution to Ukrainian residents declined for all the considered areas, with the exception of short-term deposits and loans. The Central Bank stresses that the largest Russian banks have become more conservative in the issuance of new loans to Ukrainian borrowers, which can reduce the effect Ukrainian falling on the banks of Ukraine with Russian participation.


sections: Politics