Kremlin spokesman says Putin, Trump to meet in HamburgRussian Politics & Diplomacy June 26, 13:39
Russia to wean off Ukrainian gas turbine engines by mid-2018Business & Economy June 26, 13:17
Astana meeting on Syria to focus on de-escalation zones — LavrovRussian Politics & Diplomacy June 26, 13:07
Northern Fleet divers resume surveying of WWII Arctic convoy transporterBusiness & Economy June 26, 13:00
Press review: Doubts over Putin-Trump talks and cornerstones for 2018 elections in RussiaPress Review June 26, 13:00
Top official says Russia’s warships operating in Syria praised by market playersMilitary & Defense June 26, 12:48
Russian arms exporter raked in $24 bln for selling 50 warships since 2000Military & Defense June 26, 12:39
Attack aircraft exercise on mock-up ‘enemy’ targets results in smashing successMilitary & Defense June 26, 12:14
Russia and India may ink deal on frigate supplies by end of JulyMilitary & Defense June 26, 12:05
MOSCOW, February 3 (Itar-Tass) — Russian banks in general developed successfully and are ready to face new economic jolts, the first deputy chairman of the Central Bank, Alexei Simanovsky, stated at the Russia Forum 2012 on Friday.
“Our banks as young pioneers are always prepared for everything,” he said adding that Russian banks learned theirs lessons from the previous crises: some made the right conclusions and take all necessary measures for creation of a good safety cushion that would help averting the recurrence of the problem in the future, while others focus on the present turning a blind eye on the long-term prospects.
“Those banks where their management cares only for short-term prospects, while the owner does not invest funds into development, will face an uneasy situation,” Simanovsky said.
At the same time he underlined that “there are banks with normal management and practical owners in Russia, they are interesting for investors both Russian and international ones,” he said. “We proceed from the assumption that investors’ interest in such banks will develop in the future.”
However, the expert warned that “investors should also use caution.”
The Central Bank of Russia plans to develop supervision in the country’s banking sector.
“Stronger supervision and control exist and they are undoubtedly necessary,” Simanovsky said adding that Russia strengthens supervision procedures and improves the legal environment in compliance with global norms and standards.
“Along with this we try to tackle our own problems taking into account Russian specific features,” he said.
In general, the Russian banking system is maturing he said.