"Russian banks could lose around 350 billion roubles ($12 billion) in the event of a serious debt shock in the eurozone but stress tests show they would withstand the blow, a central bank official said.
The tests showed that exposure to foreign assets was low relative to the overall size of Russian bank portfolios, Sergei Moiseev, deputy head of the bank’s financial stability board, said.
The comments appeared after European politicians rejected an International Monetary Fund, or IMF, call for banks to raise up to 200 billion euros ($290 billion) in new capital to prevent a new world recession".............READ MORE
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