Skip to main content
Advertisement
Live broadcast

Nabiullina pointed out that there are no problems with bank liquidity in Russia.

Nabiullina: there are no problems with so-called bank liquidity in Russia
0
Photo: RIA Novosti/Irina Motina
Озвучить текст
Select important
On
Off

There are no problems with bank liquidity in Russia, as the Central Bank (CB) monitors the compliance of financial and credit institutions with the required standards. This was announced on September 24 by the head of the regulator, Elvira Nabiullina, speaking at the plenary session "The Banking Sector in the Global Economy: international Challenges and national strategies."

"We have no problems with bank liquidity. Banking regulations are responsible for this. Banks fulfill them with reserve. We are monitoring this. <...> There is a stock of highly liquid assets, assets and liabilities are balanced in terms of time, so that banks do not attract short—term deposits and place them in long-term assets," she said.

Nabiullina recalled that in the period from 2012 to 2017, there was indeed a structural liquidity deficit in the country, the volume of which was estimated at 7 trillion rubles. Now the situation has improved and the indicator has dropped significantly.

"""" The head of the Central Bank of Russia drew attention to the fact that the term "bank liquidity" itself is a fusion of two concepts — "structural liquidity deficit" and "the relationship of the Central Bank with banks." The latter, according to her, has absolutely no effect on the fulfillment by financial and credit organizations of their obligations to customers and concerns only specialized operations. This, as Nabiullina explained, is also found in other countries.

Nabiullina said on the same day that the Russian economy was growing and becoming profitable. Currently, the ratio of the financial result of the economy to the gross domestic product is approximately at the level of 2017-2019.

Переведено сервисом «Яндекс Переводчик»

Live broadcast