The CBR hopes within two years to reduce the rate of revocation of licenses of banks


MOSCOW, February 29. The Bank of Russia expects in the next two years to reduce the rate of revocation of licenses of banks. This was reported to journalists by the first Deputy Chairman of Bank of Russia Alexey Simanovsky.

“We proceed from specific intentions to achieve such a situation when talking about the number of revoked licenses wouldn’t be on tens and units. Within a certain amount of time we will achieve it”, he said.

According to Simanovsky, the Central Bank hopes that within two years this (reduction in the rate of revocation of licenses – approx.ed.) cope.

“Most of the work we did in 2014, 2015, 2016 will also do. Probably something will remain for 2017. But the bulk of the work is done now. So it makes sense to reorganize the oversight, to make it more effective. The idea is to identify areas of risk in banks are really at an early stage”, – said the first Deputy Chairman of the CB.

As previously reported by the Bank of Russia, in 2015, under the reorganization were 15 banks (2014 – 12), licenses have lost 93 credit institutions (in 2014 – 73).