Cbank to finish Russian banking sector purge in 2-3 years

MOSCOW, Mar 28 (PRIME) -- Russia’s central bank plans to finish the banking sector purge from unfair players in two to three years, Chairwoman Elvira Nabiullina said on Tuesday during a conference of the Association of Russian Banks.

“I would like to stress that we definitely plan to finish the cleaning process in a few coming years. Our own estimation shows the term of two to three years,” she said.

She added that by that moment the fatal loss of stability by banks and revocations of licenses will have become extraordinary events.

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