The situation in the banking sector in Russia is difficult, however, in General, the banking system feels steadily. This was stated by the head of the Central Bank Elvira Nabiullina in an interview with “Russia 24”.
“In the banking sector, of course, is not easy. The banking sector mirrors what is happening in the economy… However, the banking system on the main parameters of the stable”, she said, noting that now there is a revival in corporate and a decrease in retail lending (quoted by RAPSI).
Central Bank head added that, as expected, in 2016 Russia’s banking sector could get a return of up to 500 billion rubles, “Yes, decreased the profitability of the banking sector, profitability, but nevertheless there is some profit”, — she explained.
According to the Central Bank, the profit of Russian banks in 2015 fell three times compared to 2014, to 192 billion rubles.
At the end of February of the current year the first Deputy Chairman of Bank of Russia Alexey Simanovsky said that by 2018 should finish the main work on clearing the banking sector. He said that he hoped that soon the Central Bank will be deprived of their licenses with fewer banks.
Elvira Nabiullina heading the Central Bank in April 2013. Since the Central Bank revoked the licenses of nearly 200 banks.