The Bank of Russia conducts the correct policy, said the head of Sberbank German Gref, therefore everything that happens in the banking sector – not the fault of the Central Bank.
MOSCOW, 9 Dec. The head of Sberbank German Gref believes that Russia’s banking sector was the hardest hit in the current crisis.
“The banking sector suffered most of all in this crisis”, — said the head of the largest Russian Bank.
According to him, the Bank of Russia pursues a correct policy, but some efforts of the regulator the situation not to correct.
“It is not the fault of the Central Bank,” said Gref.