Gref: the banking sector of the Russian Federation in the current crisis have suffered the most

Gref: the banking sector of the Russian Federation in the current crisis have suffered the most


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.