Russian banks leaving the Ukrainian market due to commercial reasons, the legislation of Ukraine to ensure they did not oblige. This was stated by first Deputy Chairman of Bank of Russia Sergey Shvetsov, reports on Wednesday, may 18, TASS.
According to him, such laws apply only to non-Bank financial institutions. “There are Ukrainian laws, which forced Russian financial institutions, non-Bank, to leave the Ukrainian market, including the Moscow stock exchange”, — quotes Agency of his word.
“I have not heard that in Ukraine there were laws that oblige Russian banks to leave, but I could miss something”, he said and added that the Russian credit organizations independently decide on the markets of some of them to work.
“It is their commercial business,” — said Shvetsov.
May 18, Kommersant reported that the Russian credit organizations with state participation thinking about withdrawal from the Ukrainian market. The newspaper’s sources said that Sberbank is looking for a buyer after unsuccessful negotiations about the sale of the subsidiary Bank of Ukrainian businessman Alexander Yaroslavsky. According to the edition, VEB also intends to sell the Ukrainian business Bank.
At the same time, the private Alfa group, which owns Alfa-Bank, according to the newspaper, on the contrary, is increasing its presence in Ukraine, buying Ukrsotsbank at Unicredit Group.
On 17 may, the President of VTB Andrey Kostin said that the company may sell its Ukrainian business, as it does not see opportunities for development in the country. According to him, the Bank takes significant losses there.
