Nabiullina predicted a few years Stripping of the banking system

The period of “active recovery” of the banking system will continue for another few years, said Chairman of the Bank of Russia Elvira Nabiullina in an interview with TASS.

“The period of active improvement of the banking sector will go some time. We hope to reach a situation where the number of licences revoked will be measured in units per year. But it will take several more years.”

Assessment Nabiullina, in the recovery of the Russian banking system, the Central Bank was already “more than half way.”

“When the Central Bank began this process, I personally expected that we will finish it before three years. But the fact that the process of recovery of the banking sector are superimposed on the objective circumstances caused by the economic downturn and the deterioration of banks ‘assets”, — said the head of the Central Bank.

In October 2016 in an interview with the Financial Times Nabiullina said that at that time the number of banks involved in dubious transactions, was reduced to less than ten, despite the fact that in the early Stripping of the banking sector, their number exceeded 150.

In 2016, the Central Bank revoked the licenses of 97 banks. Just from 2013 license lost 308 credit institutions. From the beginning of 2017, the Bank of Russia has already managed to revoke the license of the 5 banks. The last was the Bank “Yenisei”, which lost its license on 9 February.

In November 2016, the Chairman of the Central Bank Vasily Pozdyshev said that in 2017, the regulator may conduct inspections of retail portfolios of Bank loans. According to him, in 2017 will not be easy for retail banks, because of the tighter regulation they can get less profit it made.

“We expect to raise the risk ratios for unsecured consumer loans. Unsecured consumer lending will be more expensive for banks in terms of capital adequacy,” — said then Pozdyshev.

In addition, the Bank has planned to carry out random checks of individual Bank loans, after which the controller will summarize the results for the entire portfolio of homogeneous loans, promised the Chairman of the Central Bank. According to him, this is necessary because during the previous inspections, the regulator found that some banks are “hiding” in portfolio loans significant risks. Under the current mechanism of calculating provisions and requirements of the Central Bank to identify such risks can not be admitted Pozdyshev.

In January 2017 the British magazine the Banker named Elvira Nabiullina as the best Central Bank Governor of the year in Europe. Among the achievements of Elvira Nabiullina, The Banker noted the low level of inflation in the country. Another important achievement of the Central Bank under the leadership of Nabiullina edition called strict measures to rehabilitate the banking sector, which led to the revocation of licenses, “one-third of credit organizations in Russia”.