Nabiullina: the Central Bank’s policy is not aimed at reducing the number of banks

Nabiullina: the Central Bank’s policy is not aimed at reducing the number of banks


The head of the Central Bank Elvira Nabiullina stressed that the policy of the regulator aimed at the withdrawal from the market of weak players, so that the banking system was financially sustainable.

MOSCOW, 13 Oct. In Russian there is a niche small banks, the Central Bank’s policy is not aimed at reducing the number of banks, and the withdrawal from the market of weak players, said the head of the Central Bank Elvira Nabiullina.

“Our policy is directed not at reducing the number of banks, but simply to the removal from the market of weak players, so that the banking system was financially sustainable. While I agree that will be market consolidation, and it happens, and we see it”, — stressed the head of the regulator.