VTB will continue to work in Ukraine

VTB will continue to work in Ukraine

Moscow. March 16. While VTB will continue to work on the Ukrainian market, but in the future plans with him to leave, told the President – Chairman of the Board of the Russian Bank Andrey Kostin on the sidelines of the meeting of the Board of the RSPP.

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“Wait for now solutions (the Ukrainian authorities – approx. If), will work, but the overall rate for the output is” – he said, commenting on recent events in Ukraine related to actions against the “daughters” of Russian banks. He noted that the current situation will have a negative impact primarily on the economy of Ukraine and its citizens. “We very clearly have always complied with all obligations, regulations,” – said the head of VTB.

The 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). As for the big Bank (the Ukrainian VTB), is quite difficult,” he said.

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The head of VTB said that while the group sees no need to impose restrictions on the issuance of deposits of Ukrainian “daughters”. “We don’t see the need until there was no panic withdrawal of funds, yet we have no such plans,” – said Kostin.

Sanctions subsidiaries of Russian banks in Ukraine

On the eve of the national Bank of Ukraine has proposed to introduce in respect of the Ukrainian subsidiaries of Russian banks in the form of prevent capital flight outside Ukraine, including in the parent organizations. “It also prohibits payments of dividends, interest, return of interbank loans, funds from correspondent accounts and subordinated debt. Also proposed to prohibit the distribution of profits and distribution of capital,” – said the first Deputy head of the NBU Jacob Smoliy.

Smoliy said that we are talking about five banks – Prominvestbank, VTB Bank, BM Bank, savings Bank, Vs Bank. As said the Deputy head of the NBU Ekaterina Rozhkova, the proposed sanctions will not apply to other banks that have Russian capital, in particular, Alfa Bank. “We are talking about banks that are owned by the Russian state. “Alpha” does not apply to this group” – said the forbidden NBU.

One of the main reasons for the discussion of sanctions was the decree of the President of Russia Vladimir Putin “On the recognition in Russia of the documents and registration plates of vehicles issued to citizens of Ukraine and stateless persons permanently residing on the territories of separate districts of Donetsk and Lugansk regions of Ukraine”. According to the decree, the Russian banks have to take the passports of DNR and LC.