Costin said the lack of internal risks for Russian banks

© RIA Novosti / Eugene to Novostinearly in Photobacterium – Chairman of the Board of VTB Bank Andrey Kostin. Archival photoCostin said the lack of internal risks for Russian banks© RIA Novosti / Eugene to Novostinearly the image Bank

Risks for the banking system of the Russian Federation from internal problems right now and the Central Bank has enough tools to solve them, said the head of VTB Andrey Kostin.

«I don’t see any risks to the financial system from both internal problems… We first got a Central Bank that has the resolve to do it (the reorganization. — Approx. ed.). The measures taken show that the Central Bank has a large resource capacity to eliminate those serious problems which arise», — he said, speaking at a Moscow financial forum.

According to him, the Russian banking sector today is stable. «I think he will continue to undergo clearing, that’s fine. We have 500 banks, it’s a lot,» said Kostin.

RIA Novosti media group «Russia today» is the General information Agency of the third Moscow financial forum.

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