NBU may shut down banks with Russian capital

Today, 26 billion commercial customers’ accounts and 22 billion private customers' accounts are in banks with Russian capital.

5 February 2016 16:00

The National Bank of Ukraine (NBU) plans to shut down the banks with the Russian state capital after the decision of the National Security and Defense Council (NSDC) to impose sanctions against Russia, a QHA correspondent reports Valerie Gontareva, Governor of the National Bank of Ukraine, while delivering her speech at the Verkhovna Rada of Ukraine on Friday, 5.

“Ukrainian banks with Russian capital operate in Ukraine. There are three banks with the state Russian capital,” Gontareva said.

The Governor of the NBU said that the NSDC’s decision is required to eliminate these banks, and added that the NBU has increased focus on such banks. In particular, they had to pass the stress tests in 2015.

“We cannot nationalize 15% of the banking system, but if the National Security Council makes a decision on sanctions, we will fulfill it,” she said.