Wednesday, June 1, 2011

Foreign retail banks will return to Russia in 2013

After 2 years of sustained growth of foreign retail banks will return to Russia. On this, as reported by Interfax, said the Director of the Department of Strategy Sberbank, Dmitry Tarasov. According to him, because of the high uncertainty in the market a number of foreign banks scaling down their business in Russia. Share of nonresidents in the capital of Russian banks in 1 quarter of 2011 decreased to 27.14%. In this year of Russian businesses have decided to get rid of such large grants bank as HSBC and Barclays. In this case Barclays goes from Russia for the second time. The first time the bank went out of the default of 1998. Earlier, Morgan Stanley sold a "City Mortgage Bank," Orient Express ". Dutch Rabobank has received from the Central Bank a license to open branches in Russia, but decided she did not enjoy. The Bank considered China, Brazil more promising countries for business development.

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