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Russian bank in Ukraine may deteriorate as legal pressure persists
Journal Staff Report

MOSCOW, Nov 8 - VTB is not ruling out a further deterioration in the liquidity situation at its Ukrainian Subsidiary bank VTB Bank (Ukraine) if existing court ordered restrictions persist, Dmitry Pyanov VTB Senior Vice President and head of the finance department told journalists on Thursday.

The National Bank of Ukraine (NBU) announced that Ukrainian VTB is experiencing difficulties with regards to declining liquidity due to both the planned scaling down of operations and the ruling of the Kyiv Court of Appeal from September 5 blocking the bank's assets.




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