Arab Today, arab today moody\s changes russian banking system outlook to \negative\
Last Updated : GMT 06:25:46
Arab Today, arab today
Arab Today, arab today

Moody\'s changes Russian banking system outlook to \'negative\'

Arab Today, arab today

Arab Today, arab today Moody\'s changes Russian banking system outlook to \'negative\'

Moscow - Ria Novosti

Moody\'s international rating agency has changed the Russian banking system outlook to \'negative\' from \'stable\' on global turbulence which is weakening the banking sector\'s performance, the agency said on Monday. \"The outlook change to negative for the Russian banking system reflects concerns that the weak global economic landscape and financial market volatility will weaken Russia\'s operating environment, negatively affecting banks through a system-wide liquidity contraction, slower credit growth and pressured asset quality,\" Moody’s said in a statement. The outlook expresses Moody\'s expectations for the fundamental conditions in the banking sector over the next 12-18 months. Moody\'s forecasts that Russia\'s real gross domestic product growth will slow down to 2.8 percent in 2012 compared to an estimate of 3.8 percent in 2011 due to a weak global recovery. Increasing risks to global energy demand may impact the operating environment for Russian banks over the outlook horizon as economic growth is largely driven by oil prices, the agency added. \"Global financial market volatility, reduced access to wholesale funding, continued capital flight and downward pressure on the ruble, have already lead to a liquidity squeeze in the Russian banking system,\" Eugene Tarzimanov,  Moody\'s vice president and author of the report, was quoted in the statement as saying. \"We expect that this will continue and trigger slower credit growth, leading to reduced credit access for borrowers, as banks increase interest rates and tighten collateral rules. This will further lead to subdued economic growth and an increase in banks\' loan loss provisions,\" Tarzimanov added. Moody\'s also said that government help would remain key for the country\'s banking sector, the central bank and the Finance Ministry having already started placing its liquidity-support instruments. \"While we believe that this support is likely to intensify going forward, there is no certainty that it will be made available to midsize and small private-sector banks, if needed,\" Tarzimanov added. Moody\'s said that under its central scenario, Russian banks had sufficient capital buffers and recurrent earnings to cope with the increasing credit and investment losses that the agency believed were likely to occur.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moody\s changes russian banking system outlook to \negative\ Arab Today, arab today moody\s changes russian banking system outlook to \negative\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today moody\s changes russian banking system outlook to \negative\ Arab Today, arab today moody\s changes russian banking system outlook to \negative\

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday