Baku 24° C
Moody’s reveals main threats on banking systems of CIS countries
Finance
- 07 April, 2021
- 09:15
The main threats to the banking system of the CIS countries include a potential escalation of internal or external conflicts, aging, domination of public banks, and cyber-attacks, Report informs, citing Moody’s.
At the same time, the threat of conflict appeared in Azerbaijan, Armenia, Kyrgyz Republic, and Belarus. Shrinking working-age populations across Russia, Belarus, and Ukraine will pose threat to the banking sector.
State-owned banks have 85% of assets in the markets in Uzbekistan, 73% in Russia, and 29% in Azerbaijan. According to Moody’s, the state banks give loans taking into account the political factors, not the business interests.
Author
Latest News
13:26
Azerbaijani, Pakistani FMs discuss bilateral partnership
Foreign policy13:26
Rahmon calls for joint efforts to address global challenges
Other countries13:18
Uzbek President Mirziyoyev proposes developing SCO Plus as platform for interregional dialogue
Foreign policy13:12
US Embassy: Charter on Strategic Partnership to expand Baku-Washington economic co-op
Foreign policy13:08
Economic stagnation, rising inflation pushing France closer to recession
Analytics13:03
Kyrgyzstan supports reform of UN and Security Council, President Japarov says
Other countries13:01
Photo
Ilham Aliyev and Vladimir Putin hold brief informal talks in Bishkek
Foreign policy12:57
Japarov: SCO Plus countries can contribute to advancing multilateralism
Other countries12:55