Moody’s reveals main threats on banking systems of CIS countries 

The main threats to the banking system of the CIS countries include a potential escalation of internal or external conflicts, aging, domination of public banks, and cyber-attacks, Report informs, citing Moody’s.

At the same time, the threat of conflict appeared in Azerbaijan, Armenia, Kyrgyz Republic, and Belarus. Shrinking working-age populations across Russia, Belarus, and Ukraine will pose threat to the banking sector.

State-owned banks have 85% of assets in the markets in Uzbekistan, 73% in Russia, and 29% in Azerbaijan. According to Moody’s, the state banks give loans taking into account the political factors, not the business interests.