The head of the Board of Directors of the Bank “Intesa”: the banking crisis in Russia no

The head of the Board of Directors of the Bank “Intesa”: the banking crisis in Russia no


The banking sector of the Russian Federation is now under pressure, but pressure is all economy of the Russian Federation, the head of the Board of Directors of the Bank “Intesa”, the Russian subsidiary of Italian financial group Intesa Sanpaolo, Antonio Fallico.

MOSCOW, Dec 14. The banking crisis in Russia, while banks have primarily felt the effects of the downturn in the economy, said the head of the Board of Directors of Banca Intesa”, the Russian subsidiary of Italian financial group Intesa Sanpaolo, Antonio Fallico.

“I do not share the view of those colleagues, whose opinion was announced in the last days, with a very negative opinion about the current situation in the banking sector. It is clear that the banking sector of the Russian Federation is now under pressure, but pressure is all economy of the Russian Federation”, — said Fallico journalists, commenting on the statement by the head of Spernacka Herman Gref about the banking crisis in Russia.

Gref has previously expressed opinion that the Russian banking system is undergoing a large-scale crisis, though it has left “from “very high risk”. The head of the Central Bank Elvira Nabiullina said on Friday that he saw no crisis in the banking system, while banks are facing challenging times as the economy as a whole.

Russian banks have shown the ability to adapt quickly enough to changing conditions and received in 11 months of 2015 265 billion rubles of profit, Nabiullina noted. The main positive trend in the banking sector, the head of the Central Bank called the growth of lending to the real sector of the economy, the inflow of deposits and a more balanced campaign banks for borrower selection.

“Of course, there are negative trends, banks in the first place it felt, but from my point of view it is not a tragedy”, — said Fallico. In his opinion, the growth of the Russian economy can be expected even if the price of a barrel of oil in 2016 will be $ 35-40 per barrel. “Crisis management was good and working. Of course, the Russian economy deliveryzyban, more than 45% is energy. Have a lot of work, work long-term for 20 years, to launch a new industrialization of the country,” said Fallico.

“I always say, “Let’s work like it’s the last day of our lives, in order to achieve the maximum”. And then we will have a great future,” added the banker. Speaking about plans of the Bank “Inteza” in Russia, Fallico announced the intention to increase the provision of retail services. “In our Bank retail never had a very large volume, no more than 5-7% of all assets. I think that we, on the contrary, will increase retail. We have a new product of private banking, and we can already see that it brings some advantages”, he said.