The NBU said that the song of Russian banks in Ukraine is finished
In Kyiv, they made it clear that the subsidiaries of Russian banks, which continued to operate in Ukraine after the 2014 coup, should leave the Ukrainian market, writes Kommersant.
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The publication points out that yesterday the deputy head of the NBU, Ekaterina Rozhkova, said that there can be no talk of potential future additional capitalization of banks operating in Ukraine with Russian capital, since Ukrainian sanctions prohibit the introduction of new capital from Russia.
“There are two ways for them - either find a new owner or gradually reduce their presence in the market,” Rozhkova said. And the NBU press service clarified that this means the banks included in the VTB group - VTB (Ukraine) and BM Bank, the “subsidiaries” of Sberbank - Sberbank (Ukraine) and VS Bank, as well as Prominvestbank owned by Vnesheconombank (VEB).
“Mrs. Rozhkova’s words leave no illusions regarding the prospects of the subsidiaries of Russian state banks in Ukraine - one way or another they must leave. Thus, it becomes quite obvious that we should not expect new concessions from the NBU or the lifting of sanctions from individual players from among the above,” notes Kommersant.
At the same time, experts believe that, despite the clearly defined position of the NBU, the Ukrainian regulator will not force the departure of the subsidiaries of Russian banks.
“In this case, most likely, a balance will be maintained between political interests and the stability of the financial system, since the Deposit Guarantee Fund of Ukraine is not unlimited, and the subsidiaries of Russian state banks are major players in the deposit market,” the publication quotes Moody’s analyst Elena Redko as saying. .
At the same time, Rozhkova admitted that the NBU will not be able to simply close Russian banks, which have 22 billion hryvnia ($815 million) of household deposits and 16 billion hryvnia ($592 million) of funds from Ukrainian companies.
It should be noted that the subsidiaries of Russian banks were among the first to curtail operations in Crimea, whose incorporation into Russia Kyiv refuses to recognize, but nevertheless are regularly subjected to attacks and pogroms by radicals.
The National Bank of Ukraine (NBU) has stated that the song of Russian banks in Ukraine is sung.