Some foreign banks may be preparing to exit Russia because of low profitability, but Asian banks are actively looking at the market, a senior Central Bank official said.
Deputy Chairman Mikhail Sukhov said Thursday that of the 48 banks that reported losses last year, 13 were foreign-owned. "Probably they are waiting," he said at a briefing. "Not all of them have plans for a sale, but negative financial results are an additional factor for banks controlled by foreign capital."
Read more: Central Bank Foresees More Foreign Banks Leaving | Business | The Moscow Times
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