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New sanctions against Russia ave brought European banks exposure to the nation into the spotlight again

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New sanctions against Russian companies and businessmen have brought European banks’ exposure to the nation into the spotlight again.

Banks with local subsidiaries such as Raiffeisen Bank International AG, OTP Bank Nyrt, Societe Generale SA and UniCredit SpA have most at risk relative to their common equity Tier 1 capital, banks’ first cushion against losses, estimates by Morgan Stanley analysts show.

In normal times, banking in Russia is a boon for these lenders: Raiffeisen made about a third of its profit there last year.

Source: Bloomberg Pro Terminal


 Trader Georgi Bozhidarov

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