The state of the banking sector is stable, said the Ministry of Finance

© RIA Novosti / Natalia to Seliverstova in photobacteria in front of the Ministry of Finance of Russia on the street Ilyinka in Moscow. Archival photoThe state of the banking sector is stable, said the Ministry of Finance© RIA Novosti / Natalia to Seliverstova the image Bank

Deputy Finance Minister of Russia Alexei Moiseev said he believes the stable state of the banking sector of the Russian Federation and Central Bank created a Fund of the consolidation of the banking sector (VCBS) helps effectively solve the problems of individual banks, though «with some deviation from the canons».

«I believe that the situation in the banking sector as a whole is stable», — said Moiseev journalists.

The Bank of Russia informed on Thursday adopted a decision on reorganization through FCBS Binbanka «Growth of the Bank» group «Safmar» combining the assets of the family Gutseriev-Shikhanovich. This is the second case of rehabilitation through a new mechanism — the first in late August became the «FC Opening», the Central Bank then announced that it would invest in Bank funds PCBS and become its main shareholder.

«There are clear mechanisms to deal with such banks. If banks are a problem, then it would be unclear what to do with it, if it were not for this Fund (PKBS — ed.). The establishment of this Fund helped to solve these issues, albeit with some deviation from canons. We have Central banks around the world in 2015 all the time deviate from the canons,» said Moses.

The law on the establishment PCBS formed at the expense of the Bank of Russia to Finance the rehabilitation of banks under the prevention of bankruptcy, was enacted in may. The law involves the creation of PCBS from funds of the Central Bank and the management company, which will act on behalf of the regulator, including to take measures to prevent bankruptcy and settle obligations of the rehabilitated banks to invest in their capital.

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