All news related to CIS

Moody’s: loan concentration remain high at CIS banks, a negative for lenders

20.09.2018 18:08

Moody’s: loan concentration remain high at CIS banks, a negative for lenders

YEREVAN, September 20. /ARKA/. Loan books and deposit bases at banks in Russia and other members of the Commonwealth of Independent States (CIS) will continue to be highly concentrated on a small group of large corporates, says Moody's Investors Service in a report "Banks - Commonwealth of Independent States; Persistently high loan and deposit concentrations are credit negative," published September 19.

Loan concentrations remain high, because lending options for CIS banks are limited. Modest economic growth and low levels of public wealth are translating into weak credit demand and CIS economies remain heavily dependent on large corporates in certain sectors.

"This concentration of loans is a credit negative because it raises the risk of credit losses that are detrimental to capital," said Vladlen Kuznetsov, a Vice President and Senior Analyst at Moody's. "It also elevates the risk of cash-flow disruptions that could hamper revenue generation and profitability, and have a negative impact on liquidity."

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New money transfer service is available to holders of VTB Bank (Armenia) cards

15.12.2017 16:04

New money transfer service is available to holders of VTB Bank (Armenia) cards

A new service launched by the Russian VTB Group enables customers of any Russian bank to make instantaneous money transfers to the banking cards of VTB’s subsidiaries

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Mutual investments in Eurasian Economic Union on the rise

22.08.2017 15:13

Mutual investments in Eurasian Economic Union on the rise

Recent data indicate that, despite the economic contraction observed in the Eurasian Economic Union (EEU) member countries in 2016, their mutual investments have already started growing

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Armenia integrating in CIS forex market

09.02.2017 16:20

Armenia integrating in CIS forex market

Armenia’s National Assembly ratified Wednesday an agreement on cooperation with the integrated foreign exchange market of the Commonwealth of Independent States

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CIS countries ready for integration of their payment systems

09.11.2016 18:34

CIS countries ready for integration of their payment systems

The payment systems of CIS (Commonwealth of Independent States) member countries are ready for further integration, the Central Bank of Armenia said today following a meeting of heads and representatives of national banks and payment systems from the CIS member states in Yerevan

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Dollarization and depreciation hurt CIS banks

13.05.2016 22:17

Dollarization and depreciation hurt CIS banks

YEREVAN, May 13. /ARKA/. Banks with highly dollarised balance sheets in CIS countries and Georgia are being hurt by their domestic currencies’ considerable depreciation against the US dollar, says Fitch Ratings. Banks have been most severely hit in Azerbaijan and Ukraine, where regulatory support was not forthcoming. Banks in Kazakhstan, Russia and Belarus were partly […]

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EEU FDI stock in countries of Eurasia outside CIS grew by 116% over six years and accounted for $71 billion

15.12.2015 16:18

EEU FDI stock in countries of Eurasia outside CIS grew by 116% over six years and accounted for $71 billion

The amount of outgoing direct investments by companies from the Eurasian Economic Union (EEU) countries grew progressively until 2013 inclusively, but now it is in stagnation

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Putin calls for switching to sub-national currencies in mutual settlements in CIS

16.10.2015 17:31

Putin calls for switching to sub-national currencies in mutual settlements in CIS

Russian President Vladimir Putin has called for switching more actively to sub-national currencies in mutual settlements in CIS (Commonwealth of Independent States) countries, Tass reported from Astana, the capital of Kazakhstan

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Mutual foreign direct investments between CIS countries in 2014 drop by 12%

02.10.2015 11:35

Mutual foreign direct investments between CIS countries in 2014 drop by 12%

According to the sixth report of a years-long research project in 2014 the fall in mutual foreign direct investments (FDI) between the CIS countries was $6.3 billion, or 12% year-on-year

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Armenian banks find place among 200 largest CIS banks

30.09.2015 20:52

Armenian banks find place among 200 largest CIS banks

For the first time three Armenian banks have appeared in the list of 200 largest banks in the Commonwealth of Independent States (CIS), compiled by RIA Rating agency

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