Moody’s maintains negative Outlook for Russian banking system

MOSCOW, October 15. International rating Agency Moody’s maintains negative Outlook for the banking system in Russia for 1-1. 5 years. This was reported in the press release of the Agency.

Experts Moody’s noted that the profitability and assets of banks still remain under pressure.

“Oil prices and the volatility of the ruble exchange rate put pressure on the ability of companies and banks to plan and invest in long-term growth strategy, while geopolitical tensions and sanctions significantly reduce the appetite of international investors for Russian assets”, – stated in the message of Moody’s.

According to the Agency, the asset quality of Russian banks will continue to deteriorate and the share of problem loans rated banks will increase from 9.5% at the end of 2014 to 14% within the next 12-18 months.-