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Banking System Is In Crisis
January 27, 2016 18:33


At 2015-year end Russian banks made a profit in the amount of 192 billion rubles. This is three times less than in 2014 (589 billion). Rambler News Service reports referring to the materials of the Central Bank.

The volume of bank assets for the year was increased by 6.9 percent to 83 trillion rubles. The size of loans granted to the population amounted to 10.68 trillion rubles. It decreased by 5.7 percent. The Russians keep 27.64 trillion rubles (plus 15.6 percent) on bank deposits.

On 24 December 2015 the Head of VTB 24 Mikhail Zadornov said that the Russian banking system survived more serious crisis than in 2014. "The economy is in crisis. The banking system is, in fact, a circulatory system of the economy, which lives together with the whole economy. Therefore, of course, the banking system is in crisis", - he noticed. On 17 November  the Head of Sberbank German Gref said that "a widespread banking crisis" has been spread in Russia for last 20 years.

According to his point of view, the "purging "process of the banking sector will continue for several years more and it will be difficult time. Later, Gref said that in 2016 the credit institutions would feel relieved and the economic situation remains to be difficult at the same time.


Author: Anna Dorozhkina


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