The situation in the Russian banking sector stable, lending restored. On Tuesday, September 13, the head of the Central Bank Elvira Nabiullina at a meeting with Russian President Vladimir Putin, reports TASS.
According to Nabiullina, the situation in the banking sector reflects the state of the economy. “Not without hardships, but overall the situation is stable, and gradually rising lending rates also gradually decrease,” she said. The dynamics of uneven — figures increase, and then decrease, said the head of the Bank of Russia.
The profit of the banking sector is restored to the level of 2014, said Nabiullina. Compared to last year it increased seven times. “This profit is the source of not “eating away”, and the source of capital, and this capital will help to increase lending to the economy”, — said the Chairman of the Central Bank.
Nabiullina also noted the decrease in the dollarization of household deposits in Russian banks. In January-August, the level of deposits in the American currency decreased by 4.1 percentage points compared to the same period last year to 25.9 percent of total deposits.
Earlier, on 13 September the President of Russia Vladimir Putin at a meeting with Nabiullina agreed on the need to consider the possibility of restricting travel abroad for bankers who have debts to depositors.
On the same day, the head of Sberbank German Gref predicted that the inflation level in Russia will drop below six percent by the end of this year. Therefore, the Central Bank has every reason to reduce the key rate, he said.
