Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

A Farewell to Russia
29.06.2011 11:58
A Farewell to Russia

Two more foreign banks will withdraw from Russia. Subsidiaries of American GE Money Bank and Swedish Handelsbanken are going to leave the country. 

      According to Kommersant, American bank is looking for some new partners in a number of countries, so far as General Electric intends to reduce the proportion of assets of the banking sector. This gesture is related to the conditions of receiving assistance from the state during the crisis. 

      Svenska Handelsbanken, a subsidiary of Handelsbanken in Russia has already begun staff reduction. 

      Many other foreign banks started to go out of Russia after the crisis in 2009 and 2010. In particular, the country has been lefty by British International Personal Finance, Barclays and HSBC, Spanish Santander and Dutch Rabobank.


Author: Ksenia Dzhalagonia

Tags: Russian business banks    

Next Previous

You might also find interesting:

Prices For Vegetables Are Going Up
Sberbank Awarded National Corporate Governance Rating
Sberbank Enters eHealth Market
IDS Borjomi Russia Acquired the Chistaya Voda Company (Pure Water Company)
Citrus Fruits From Turkey Are Back

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Vladimir Gruzdev  Painting  Piet Mondrian  Russian Cinema  Russian directors  Mercedes-Benz Fashion Week Russia  New Films  Archeology  Russian actors  Russian ballet dancers  Yuri Gagarin  PhotoVisa Festival  Peterhof  criminality  PhosAgro  the Crimea  Russian legislation  Russian government  Exhibitions in Moscow  Writers  Moscow  Meteor Shower  Russian history  Old Russian House  Watermelon Festival  Russian tourism  Andrey Esionov  Ufa  Monuments  Fashion week  astronomy  Kerzhakov   Sculptures  fashion designer  Edward Snowden  Parking  Cable TV  Chelyabinsk Region  Vyborg  Russian business  APEC 2012  Comics  Far East  Russian Composers  National Dress  Russian Literature  Kira Muratova  War of 1812  Republic of Buryatia  Portnoy Beso 

Travel Blogs
Top Traveling Sites