The international “five” develops guarantees

EU banks, primarily Austrian ones, are acutely exposed to Russian than American or Asian risks, Fitch Ratings reported.

Foreign banks’ claims on counterparties in the Russian Federation at the end of the third quarter amounted to $ 242 billion, of which $ 184 billion accounted for European banks, according to the Bank for International Settlements.

North American financial institutions account for 16%, Asian accounts for 7%.

At the end of last month, Fitch and Standard & Poor’s downgraded the outlook on the credit rating of the Russian Federation to “negative” from “stable”, emphasizing the role of geopolitical tension and the imposition of sanctions.

Fitch reports that about 60% of Russian risk of European banks is the requirement of local units.

“The current situation may hit the profitability of Russian banks, but they are usually funded in the local market,” the report said.

In Japan

In Japan, the level of business sentiment increased slightly for the I quarter of this year, and market expectations are significantly lower than it was in 1997, when Japan increased the sales tax, data from the country’s Central Bank confirm.

The producer sentiment index increased by 1 point compared to the previous three months by +17 points.

The improvement is observed for the fifth month in a row, while the indicators do not coincide with the expectations of economists, who forecast +18 points. Over the last quarter of last year, the indicator increased by 4 points.

The indicator, reflecting the mood for large companies in the sector, increased by 4 points to +24 points, meeting expectations, as buyers were in a hurry to make purchases before April 1, when the tax was raised.

It is worth noting that large manufacturers and companies operating in the service sector predict a worsening situation.

Entrepreneurs are invited to Armenia

From October 17 to 23, a business mission of the enterprises of the Saratov region to Armenia will be held, the Ministry of Economic Development of the region reports.

The business program provides for participation in international conferences, round tables, business contacts exchanges in B2B format, presentations of Russian enterprises, the work of the Eighth International Industrial Exhibition EXPO RUSSIA-ARMENIA (developments in the areas of energy, engineering, construction, aviation, automobile and rail transport , agriculture, oil and gas and chemical industries, innovative industries, banking, medicine, biotechnology, education).

Enterprises and organizations of the region are invited to take part in the trip (telephones – 27-81-02, 26-24-27, 39-04-31).

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