Banking systems of Azerbaijan, Georgia and Kazakhstan depend little on euro area direct investments.

(From McClatchy-Tribune Regional News - The Arizona Daily Star - Tucson, Arizona)

Byline: I.Khalilova

There won't be a massive influx of Foreign Direct Investment (FDI) into the region's banking sectors for the next two or three years, credit rating service of Standard & Poor 's said.

"We expect FDI in Russian and CIS banking sectors to remain, at best, stable in absolute terms, and lower when compared to GDP, despite the countries' overall good growth prospects," the report of Standard & Poor 's said.

Russia and the CIS countries form a heterogeneous region in terms of politics, economics, growth potential, and size, since Russia accounts for about 80% of the region's GDP and 56% of its population.

Experts of Standard & Poor 's believe these countries have good medium- to long-term growth potential, although …