Fitch Ratings says in a new report that its outlook for the Russian banking sector is stable. This reflects the still reasonably benign operating environment, the system’s generally satisfactory performance and stable asset quality, and limited refinancing risks given the sector’s predominantly deposit funding.
At the same time, Fitch comments that some risks are growing in the system. The credit ratings agency (CRA) is concerned that rapid retail loan growth could lead to asset quality problems, in particular at banks with less experience in this segment. In addition, higher funding costs, due to greater competition for deposits, coupled with a normalisation of provision expenses, are likely to dampen profitability, and capital and liquidity levels have moderated as a result of overall credit growth.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more
After winning the German presidency for her fourth term, Angela Merkel must weld a coalition government or have a minority rule with the most far-right politicians seen in 50 decades.