The Chairman of the Central Bank told how long the recovery of the banking system

© RIA Novosti / Natalia to Seliverstova in fotobanka the building of the Central Bank of Russia on Neglinnaya street in Moscow. Archival photoThe Chairman of the Central Bank told how long the recovery of the banking system© RIA Novosti / Natalia to Seliverstova the image Bank

CBR will continue to restore the health of the banking system of the country approximately about two years, said the Chairman of the regulator Olga Polyakova.

«I hope that the health of the banking sector will continue over the next year or two, we will come to the result that the banking system is healthy», — said Polyakov at the meeting of the working group of the state Duma.

According to first Deputy Chairman of the Central Bank Dmitry Tulin, also speaking at the meeting, the health of the banking system will take two to three years and can be completed in 2020.

«The recovery of the banking sector, the cleansing process will take another two to three years. This is the figure which we called, called, and that our Chairman (head of the Central Bank Elvira Nabiullina — rad.) voiced», he said.

Answering the deputies ‘ questions, when does the healing process of banks by the year 2020, Tulin answered in the affirmative.

The Bank of Russia with the arrival in June 2013, the new head Elvira Nabiullina has begun clearing the banking sector from troubled players, and brought from the system of more than 200 banks. Left the market not only small banks but also a number of medium and large players.

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