Zadornov estimated time to remedy the situation in the Bank “FC Opening”

Moscow. September 20. INTERFAX.RU – To rectify the situation in the Bank “FC Opening” and to build effective business models may take 3-4 years, said the head of VTB 24 Mikhail Zadornov in an interview with TV channel “Russia 24”.

As reported in 2018 Zadornov will lead the Bank “Opening”, which saniyede through the Fund’s consolidation of the banking sector (VCBS).

“You have to understand that the Bank, which was involved in a severe situation, it is necessary to straighten at first, to reassure customers, to give a working business model – it requires 3-4 years, it is clear that a certain amount of time,” said Zadornov.

He said that the pace of recovery normal operation of the Bank will depend, including the growth of the Russian economy.

“The economy is growing, we are here talking about the crisis, and in fact may not be the healthiest banking system in the economy, which in 2008 grew by only 5% and have experienced two rather severe crisis,” – said Zadornov. He noted that “we are now reaping in particular, in fact, “bad” assets which formed 5, and 7 years ago”.

“It is important that the Central Bank from the very beginning said that I understand that I am not the ultimate parent, that is necessary as quickly as possible a working business model to create and sell this Bank,” – said Zadornov. He said that this is not the time plans of the Central Bank, which already owns one participant of the banking market is Sberbank, which is due to the size of their business and management model “is not so easy for the government to pass”.

“The Central Bank still cannot long to be in such conflict situations, it is definitely a conflict: you’re the regulator you’re the owner,” – said the head of VTB 24.

CBR on August 29 took the decision to implement measures to improve the financial sustainability of “Open”.

The Bank “Opening” in the second quarter of 2017 takes 7-th place in terms of assets in ranking “Interfax-100” prepared “Interfax-TSEA”.