Costin had not noticed in Russia a large-scale banking crisis


Moscow. November 18. The head of VTB Andrey Kostin did not agree with the position of the head of Sberbank German Gref that Russia has large-scale banking crisis.

“I always shout that there is no crisis, why ask me? Far from Manila, a 10 hour flight, but when I flew out of a major crisis,” said Kostin reporters on Wednesday in the capital of the Philippines on the sidelines of the APEC summit.

“The difficulty is, a lot of them, but with liquidity difficulties. Someone has problems with capital, there are difficulties, of course, at a profit, there is a high refinancing rate, which hurts the banks. But the overall situation is totally under control”, – said the head of VTB.

The day before Gref assessed the current market situation as a large-scale banking crisis. “What we see now is a large-scale banking crisis”, – said Gref to journalists. According to him, over the past 20 years is the most severe and prolonged crisis in the banking system.