Aksakov hoped that the ARB after the departure of a number of banks will be able to develop further

© RIA Novosti / Ilya Petliurite in Photobacterium Association of regional banks of Russia, Chairman of Committee of the State Duma on economic policy, innovative development and entrepreneurship Anatoly Aksakov. Archival photoAksakov hoped that the ARB after the departure of a number of banks will be able to develop further© RIA Novosti / Ilya Petliurite the image Bank

The head of Association of regional banks of Russia (Association «Russia») Anatoly Aksakov, who also heads the state Duma Committee on financial market, called the Association of Russian banks (ARB) respected organization and expressed hope that it will be able to make the right decisions and to develop further after the exit of a number of major banks.

Eight of the largest Russian banks — Sberbank, VTB, VTB24, Rosselkhozbank, Gazprombank, Alfa-Bank, Bank «FC Opening» and b & n earlier on Monday announced the release of the ARB because of the position of the Association on a number of issues, including the activities of the Central Bank for cleaning the banking sector. Disagreement banks have raised a number of points contained in the annual report of the Association, which was presented at the Congress of the ARB in March of this year.

«Of course, it is unpleasant for most of ARB news, since these banks supervise, regulate and control 70% of the assets of the Russian system. I hope that the Association of Russian banks will be able to analyze the situation and make the confident decisions that will enable it to develop actively. Because care is such a powerful, respectable and reputable organization, in my opinion — wrong. I wish to continue to live further», — told RIA Novosti Aksakov.

«It’s bad news, because the Association is respected, the Tosunyan (head of ARB — ed.) is a respected man in the community, did much for the development of the community,» he added.

He also noted that he headed the banking Association «Russia» works without shocks. «We have a constructive engagement with the very community, with the Central Bank, and the government that allows us to work effectively in legislative activities, under the payment card «the World», personal offices and so forth,» — said Aksakov.