Moody’s sees Russian banks’ credit solvency stable in 12–18 mos

MOSCOW, Oct 23 (PRIME) -- Credit solvency of Russian banks will remain stable in the next 12–18 months, global rating agency Moody’s said on Monday.

Economic activity has on the whole improved since the end of 2016, and a more favorable policy towards interest rates has helped to stabilize the quality of assets and improve capital adequacy figures, the agency said.

Moody’s still expects Russia’s gross domestic product (GDP) to grow 1.5% in 2017 and 2018.

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