Russian banks in Ukraine operating under curator's supervision, looking for buyer
Banks with Russian capital in Ukraine are restricted in transaction today. They are operating under supervision of a curator and looking for a buyer, Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova said at a press conference in Kyiv on Tuesday.
She recalled that at present five banks with Russian capital are operating on the Ukrainian market.
"There are two ways for them – to find a new owner or gradually reduce their presence on the market," she said.
Rozhkova said that Russian banks today have enough capital thanks to conversion of parent banks' resources to capital, but the further expansion of their business is a problem due to sanctions.
"Their [Russian banks] additional capitalization was carried out mainly thanks to conversion of earlier raised funds of parent companies. Taking into account current sanctions, we cannot speak about the potential future additional capitalization. This means that there could not be any development, as boosting of assets requires additional capital," Rozhkova said.
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