VTB: Russian banking sector stable, but threats from US sanctions - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

VTB: Russian banking sector stable, but threats from US sanctions

MOSCOW, Sep 6 (PRIME) -- The Russian banking sector is currently stable, but there are big threats from the new U.S. sanctions aimed at the financial sector, VTB Bank CEO Andrei Kostin said at a forum on Thursday.

УIТm sure that the Russian banking sector is currently stableЕ we have big threats, and everyone understands it, everyone is waiting, and international investors Ц this is from the point of view of geopolitics, new sanctions, from the U.S. aimed at the financial banking sector,Ф he said.

There are currently no risks for the Russian banking system from internal problems, and the central bank has enough instruments to solve them, Kostin also said.

УToday, I do not see any risks for the financial system from the side of internal problems ... For the first time we received such a central bank that has the determination to deal with it (bailout) Those measures that have been taken show that the central bank has a great resource, capacity to eliminate those serious problems that arise,Ф Kostin said.

УWe have 500 banks, thatТs a lot,Ф he added.

Kostin also said that switching from settlements in U.S. dollars to settlements in national currencies may take years, but this should be done.

УI believe that if we do not work on ensuring safety of our banking and financial sectors, we will never create a sector that will be protected enough from external risks,Ф he said.

УThis may take years, decades, but we must develop settlements in the Russian currency, in other currencies, not in dollars, in order to reduce the threat of risks from possible influenceЕ from the U.S. administration.Ф

Trading in Russian securities should be actively transferred from foreign floors to the Moscow Exchange, Kostin also said.

End

06.09.2018 17:38
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep