Moody’s reveals main threats on banking systems of CIS countries 

Moody’s reveals main threats on banking systems of CIS countries  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.
Finance
April 7, 2021 13:15
Moody’s reveals main threats on banking systems of CIS countries 

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.

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