- Healthy pre-provision income and strong capital levels will allow banks to manage their remaining exposure to Russian counterparties.
- Since Russia’s invasion of Ukraine in February, all EU banks with exposure have confirmed that they have not permitted any new commercial activity in the country and have a clear intention of exiting in an orderly manner.
- Overall, we believe credit fundamentals remain strong for major EU banks to manage exits from their remaining exposures to Russian counterparties and any second-order impacts.
For further details see:
EU Banks' Exposure To Russia Is Manageable