EU-Moldova association deal may be scrapped if people say so — presidentWorld January 24, 23:10
NATO experts arrive in Moldova to assist in developing military strategyWorld January 24, 21:13
FIA F1 top management reshuffle unlikely to affect Russia’s Sochi GP — expertSport January 24, 20:42
Russia hopes for constructive work with Trump's administration at G20Business & Economy January 24, 20:29
Everything you need to know about Oscars 2017 nominationsSociety & Culture January 24, 19:57
Konchalovsky glad his film Paradise is absent from list of Oscar nomineesSociety & Culture January 24, 18:55
Russian meteorology service reports 2016 is record warm year in ArcticBusiness & Economy January 24, 18:22
Russian chief negotiator comments on outcome of Syria peace talks in AstanaRussian Politics & Diplomacy January 24, 18:11
Legendary Isinbayeva blasts recent German film on alleged doping in Russian athleticsSport January 24, 18:07
KAZAN, September 18. /TASS/. Withdrawal of Deutsche Bank from Russia will have no effect on the country’s investment climate and will not influence the process of setting up the International financial center in Russia, Central Bank First Deputy Chairman Sergey Shvetsov said on the sidelines of Finnopolis 2015 conference.
"It will have no effect as the volume of business is defined not by the number of intermediate parties but by the number of investors. They [the investors - TASS] will simply be redistributed," Shvetsov said.
He added that the situation will not influence the process of setting up the International financial center in Russia.As TASS reported earlier Deutsche Bank announced curtailing of its Russian Corporate Banking and Securities (CB&S) business in Russian within the framework of reviewing the geography of its presence. Such a decision was made to reduce complexity of processes, costs, risks and capital use, the bank said.
The Russian Corporate Banking and Securities business of the bank will continue servicing its customers from international offices, Deutsche Bank said. It is expected that the transitional period and closing of CB&S unit in Russia will continue until the end of 2015, the bank said. At the same time, bank’s Global Transaction Banking (GTB) unit continues its operations in Russia, Deutsche Bank said.