London, 06 March 2014 -- The outlook for the Belarus banking system remains negative, unchanged since June 2009, says Moody's Investors Service in a new report published today. The outlook reflects Moody's expectation of further deterioration of banks' financial fundamentals and the banking sector's low foreign-currency liquidity relative to the high levels of foreign-currency deposits. The negative outlook also takes into account the government's deteriorating capacity to provide systemic support to banks. Whilst Moody's expects economic conditions for Belarus to remain stable, the rating agency notes some downside risks to the country's economic outlook posed by the possibility that growth in Russia could be weaker than currently anticipated given the country's recent escalation of tensions with Ukraine.

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