Sberbank supports the creation of new Bank Association

Sberbank supports the creation of new Bank Association

KAZAN, July 17. /TASS/. Sberbank supports the creation of new Bank Association, told reporters on Monday the head of the organization German Gref.

A number of the largest banks, including VTB, VTB 24, Sberbank, Rosselkhozbank, Gazprombank, Alfa-Bank, Bank “FC Opening” and the Bank, on Monday announced the release of the ARB. According to credit institutions, which are currently in the ARB position, the conclusions and evaluations do not reflect the real opinions of all market participants, undermine the confidence and business partnership between credit institutions, interfere with their constructive engagement and cooperation with the Central Bank and the government.

“We were not the initiators of this case (output of ARB – approx. TASS), but we said we are ready to support other banks to create another Association, where the principle of change, where the reflection of the interests of members of the community would prevail over the interests of individual leaders,” – said Gref.

The head of the Bank explained that ARB has ceased to serve the interests of the banking community. “We need the Association that in such a difficult period of time could have a weight in the interest of the banking community and to uphold the interests of the banks in the relationship with the regulator, authorities and approval of the concept of intra-Bank cooperation”, – said the head of Sberbank.