Nabiullina: the Central Bank will continue its policy of tightening control over banks


MOSCOW, October 10. The Central Bank will continue its policy of tightening control over the banking sector, said the head of the CBR Elvira Nabiullina on the TV channel “Russia 24”.

“It’s not Stripping, and the recovery of the banking sector, getting rid of weak players. And of course, we will continue the policy of tighter supervision,” – said Nabiullina.

The Governor of the Bank of Russia also stressed that the revocation of the license will remain “a last resort”.

With the beginning of the year the Central Bank withdrew 64 of the license to conduct banking operations, previously reported to journalists by the Deputy Chairman of the Bank of Russia Mikhail Sukhov. Total deposits in these credit institutions amounted to 250 billion rubles. 28 banks out of 64 are already in bankruptcy proceedings. “In these banks of assets less than liabilities by approximately 250 billion rubles. We got this hole in banks is an amount approximately equal to the value of attracted by them deposits”, – said Sukhov. “All banks deposits are insured, and 1.4 million rubles, our investors receive under any circumstances”, – said the Deputy Chairman of the Central Bank.