All banks with Russian state capital in Ukraine negotiate sales – the NBU

All banks with Russian state capital in Ukraine are put up for sale. This was reported by the deputy head of the National Bank of Ukraine Kateryna Rozhkova on the air of Inter TV channel, - LB.ua reports with reference to Ukrainian News.

"We know perfectly well that all state banks with Russian capital that operate in Ukraine today negotiate for a potential sale. We, as the regulator of the banking market, believe that this is the best way to leave the Ukrainian market, because some further development of these banks on the territory of Ukraine is impossible in today’s environment", - the representative of the regulator stressed.

She added that these banks are capitalized and have enough assets in order to fulfill their requirements to their clients.

At the same time, Rozhkova reported that $316 million out of $780 million of private deposits in banks with Russian state capital fall under the guarantee of the Deposit Insurance Fund in case of the closure of these banks.

"About $780 million of deposits are currently concentrated in banks with Russian state capital, $316 million of which are guaranteed by the Fund. The sanction applied to these banks is directed, first of all, at the protection of these depositors", - she said.

Ukraine imposed sanctions for a period of one year in respect of PJSC Sberbank, PJSC VS Bank, PJSC Joint Stock Commercial Industrial and Investment Bank (Prominvestbank), PJSC VTB Bank, PJSC BM Bank on March 16 because of their accessory to the Russian state. The sanctions provide restrictions on the withdrawal of capital outside the country in favor of related parties.