Nabiullina: Russia’s banking system stable

Nabiullina: Russia’s banking system stable

Russia’s banking system is stable, the Central Bank Chief Elvira Nabiullina said in an interview aired by the Rossiya-24 TV news channel.

"The banking system is stable. We have to monitor general indicators marking the banking system, meaning capital adequacy, profit growth, loan growth, interest rate reduction, ratios, reserves to cover - everything is normal, in the positive trend," Nabiullina  noted.

She added that there are no financial risks exist from operations of the Bank of Russia on financial recovery of B&N Bank and Otkritie Bank.

"From our point of view, there is no such risks. Even amounts being the case in point do not necessarily lead to the money quantity growth. We are pursuing an inflation targeting policy now. Certainly, we will absorb these funds so that the rate makes possible for us to reach the inflation level we expect, about 4%," TASS cited her as saying,

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