Titov has opposed a lot in clearing by the Central Bank of the banking system

© RIA Novosti / Natalia to Seliverstova in photobacteria the Central Bank of Russia on Neglinnaya street in Moscow. Archival photoTitov has opposed a lot in clearing by the Central Bank of the banking system© RIA Novosti / Natalia to Seliverstova the image Bank

The business Ombudsman, the Chairman of the Party of growth, Boris Titov, who intends to run for President of the Russian Federation stated that it did not support many of the steps of the Central Bank in the clearing Bank system of the Russian Federation: instead of destroying the banks have to offer the state to redeem their debts, creating a bad Bank debts.

Of the Central Bank with the advent of in June 2013 of a new head Elvira Nabiullina began clearing the banking sector from troubled players and withdrew from the system more than 340 banks. Left the market not only small credit institutions, but also a number of medium and large. Spring Nabiullina said that the regulator in the next two to three years will continue to clean up the banking sector.

«I began (clearing — ed.) which as a skating rink rolling. This brand has a special theme, we strongly support many of the steps of the Central Bank in this sense», — said Titov in an interview with RIA Novosti.

Bad debts

In his opinion, the government should buy the banks their debts with which they cannot cope, and create the so-called bad Bank debts.

«We have in the program there is such a thing as a bad debt Bank, you want to create. Not to destroy the banks, as happens today, and to propose to the government to buy bad debts from banks to clean their balance, give them another chance, a new life,» he added.

According to analysts of Alfa-Bank, published in September, the «bad» loans banks of the Russian Federation, for which there are no guarantees of return, amount to about five trillion rubles, of which more than three trillion rubles not backed by reserves.

Titov believes that the Central Bank for banks too high reserve requirements, so many of them lost them.

«This is really a bad Bank. There really is planned bad Bank bad debts, but he restrukturisasi these debts, he begins gradually sell them. But most importantly, it removes the problem. The problem is largely not due to banks arose due to poor leadership, because of thieves, the heads of the shareholders, due to the fact that the crisis in our country. And the requirements of the Central Bank are high on reservations that they just can’t cope with the problem of economic that has been. Of course, it is necessary to identify the thieves, punish them, it is natural. But basically the problem lies elsewhere», he said.

The full text of the interview is available on the website of RIA news (media group «Russia today») ria.ru at 11.00 GMT.

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