SB does not support the idea of insurance of small business banks

© Photo : provided by Sberbank of Russia Russianbare. Archive photo<img src="/wp-content/uploads/sites/5/2017/05/257cc0568524d94424976d7c2690000f.jpg" alt="SB does not support the idea of insurance of small business banks" />© Photo : provided by Sberbank of Russia

Sberbank does not support the proposal to introduce Deposit insurance for small business in all the banks, said the Chairman of the Board of the largest Russian Bank Alexander Morozov.

Now the Agency on insurance of contributions (ASV) insures only means natural persons and individual entrepreneurs in the amount of 1.4 million rubles in one Bank. The question of the possibility distribution of insurance coverage on the accounts of the business, primarily small and medium, have acquired special relevance after the withdrawal on March 3, the license of Tatfondbank.

Meeting of the working group in the state Duma on Thursday supported the idea of insurance funds small and micro business in the amount of 1.4 million rubles in all banks.

«In our view, the expansion of this system to additional components on today is unsustainable, we also do not support», — said Morozov told reporters.

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