Link to Fitch Ratings' Report: 2016 Outlook: CIS and Georgian Banks

Fitch Ratings-Moscow/London-09 December 2015: The 2016 outlooks for banking sectors in Russia and most other countries of the Commonwealth of Independent States (CIS) are negative, Fitch Ratings says. This reflects the agency's view that lenders' financial metrics are likely to weaken further, as slower economies, weaker currencies and higher interest rates continue to hit asset quality, profitability and capital.