The first Deputy Chairman of the Central Bank spoke about the work on improvement of the banking sector

© RIA Novosti / Ilya Petliurite in photobacteria Deputy Governor of the Bank of Russia Dmitry Tulin. Archival photoThe first Deputy Chairman of the Central Bank spoke about the work on improvement of the banking sector© RIA Novosti / Ilya Petliurite the image Bank

The Bank of Russia sees its main goal in preventing Bank failures, not the revocation of licenses, said the first Deputy Chairman of the Central Bank Dmitry Tulin at the meeting of the working group in the state Duma.

«We are not happy and are not proud of, when it comes to the financial health of banks because it is a choice between bad and worse — the revocation of the licence. And the main goal of see in the work on prevention, on preventing Bank failures,» said Tulin.

«This is the hard daily work which is shrouded in a veil of banking secrecy. On the results of this work, at least, of the happy outcomes are few people know. No one knows how many failures we prevented. All only know about our «failures» where a license is revoked,» said he.

«A review of licensing and financial recovery of credit institutions using public funds is a bad event, which means that the banking collapse happened, and the economy and society are losing,» — said Tulin.

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.

Earlier in may, Nabiullina said that the Central Bank in the next 2-3 years will continue to clean up the banking sector from unfair players.

High-profile cases of withdrawal of licenses from banks in Russia, see help RIA Novosti >>

The first Deputy Chairman of the Central Bank spoke about the work on improvement of the banking sectorReviews of licenses of banks of Russia

Source

Be the first to comment on "The first Deputy Chairman of the Central Bank spoke about the work on improvement of the banking sector"

Leave a comment

Your email address will not be published.


*