The share of Western financial institutions in Russia is only 1-2%, so their exit from the Russian market will be almost invisible to consumers. About this “Lente.ru” declaration economist, CEO of the analytical agency “BusinessDrom” Pavel Samiev.
“If we take out the three largest banks, the rest will make up about 1-2 percent of assets and loans. That is, if they leave Russia completely, nothing critical will happen to banking services consumers,” he said.
According to him, the participation of Western banks in Russia has fallen every year, and last year it was at the level of 5 percent. At the same time, it is not necessary for credit institutions to completely cease their work. It will likely be a simple change of ownership and about a dozen of them will be off the market.
He added that some banks are committed to loan programs related to car sales. But taking into account the difficulties that arose in the supply against the backdrop of the sanctions, such activities in Russia became absolutely meaningless.
Earlier on Tuesday, the newspaper Izvestiya cited data from analysts from the ACRA rating agency. WroteAccording to the results of the current year, 25-30 more banks may leave the Russian financial market due to international sanctions.