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Russian Commercial Bank in Cyprus not to be affected by crisis – Shuvalov

March 25, 2013, 17:53 UTC+3

“We are watching the situation closely",First Deputy Prime Minister said

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GORKI, March 25 (Itar-Tass) – The Russian Commercial Bank from VTB Group in Cyprus is stable and will not be affected by the crisis, First Deputy Prime Minister Igor Shuvalov said on Monday, March 25.

“We are watching the situation closely and think that no matter what decisions are made on Cyprus in general or between Cyprus and the EU, the Russian Commercial Bank will not be affected or its losses will be insignificant,” Shuvalov said on Monday, March 25.

“Together with the VTB management we have thoroughly studied the structure of the bank’s assets and liabilities. The bank is in a good and stable condition,” he said.


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