The Deputy Chairman of Sberbank: Russian banking sector is experiencing difficulties due to the devaluation and sanctions


MOSCOW, October 28. The Russian banking system is experiencing very great difficulties that are associated with the devaluation and sanctions. This assessment of the situation in this area gave the Deputy Chairman of Board of Sberbank Bella Zlatkis.

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“There is hardly a person who would say that the banking system all is well. The banking system is experiencing very great difficulties, connected with the devaluation and sanctions. If in the country a week are closing two or three banks, if tens from year to year this number increases if banks have problems with liquidity and capital, I suggest that it is unlikely that such a banking system can be called healthy,” she told reporters.

Sberbank does not exclude its participation in the placement of OFZ for the population

The credit institution also does not exclude its participation in the placement of OFZ for the population, but finally this issue is not yet resolved, said Zlatkis.

“Sberbank participates in all auctions for OFZ bonds and all solutions OFZ. And I believe that will support (and placement of OFZ for the population – approx.ed.). To me it is difficult to say how the infrastructure (in this placement), since there is a conflict of interest. I don’t tend to give a firm answer on how it will look”, – she noted.

According to Zlatkis, place a special paper for the population, especially in the face of volatility, carefully. “State papers worldwide is a way of savings to the most conservative-minded part of the population. It is quite possible. In Russia it is more a tool for all mutual funds (insurance, pension),” she said.