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Moody's Investors Service predicts heavy losses of the banking system

Society International rating agency Moody's has prepared an analytical report which praised the risks of the banking system of Belarus.

Moody's gives a "negative" outlook of the banking system of Belarus.

"The situation in the economy will determine the state of the banking sector. Belarus faces some serious problems associated with covering the budget deficit, trade deficit. From the solutions to these problems will depend on the state's ability to provide resource support to banks, "- said an analyst at Moody's BelaPAN Maxim Bogdashkin.

"Many large companies are supported by the state, so that they continue to perform their obligations

Continue reading Moody's Investors Service predicts heavy losses of the banking system

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