The course on the way out. Russian Bank VTB will continue to work in Ukraine

Russian Bank VTB will continue until work on the territory of Ukraine, but later plans to leave the Ukrainian market. About this informed the head of Board of a banking institution, Andrey Kostin.

“Now let’s wait for the decision (the Ukrainian authorities – Ed.) will work, but the overall rate for the output is”, – quotes RBC quote the banker.

Kostin argues that the imposition of sanctions for Russian banks, will affect the Ukrainian economy and citizens of our state.

See also:

The new limits. Russian “Sberbank” has introduced tighter restrictions for Ukrainian clients

The banking group plans before the end of March to sell Ukrainian BM Bank (former Bank of Moscow), with a large assets of VTB (Ukraine) the situation is more complicated.

“I hope before the end of this month to close the sale of BM Bank – Ed.). As for a major Bank (VTB Ukrainian – Ed.) quite difficult,” he said.

Costin said that while he sees no need to impose restrictions on the issuance of deposits of Ukrainian “daughters”.

We will remind, earlier the national Bank in pursuance of a decision of the NSDC has prepared a draft sanctions against the Ukrainian “daughters” Russian banks – Sberbank and Prominvestbank, VTB Bank, BM Bank, VS Bank.

Sanctions will relate to prevent withdrawal of capital abroad. In particular, the NBU proposes to prohibit any transactions in favor of the parent banks, as interbank loans, deposits, subordinated debt, placement of accounts on correspondent accounts, etc. it is Also a prohibition on the payment of dividends, interest.

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