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Russia’s banking system is under pressure from introduction of Basel 2-3 standards

October 22, 2015, 12:21 UTC+3
According to Sberbank CEO, in 2015, 77 banks in Russia lost their licenses
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© ITAR-TASS/Mikhail Japaridze

MOSCOW, October 22. / TASS /. Russia’s banking system is under pressure from the introduction of standards Basel 2-3, German Gref, president of Russia’s largest savings bank Sberbank, said at a meeting with investors in London.

"The Central Bank revokes two to three banking licenses a week. This year, 77 banks lost their licenses. We are under pressure from the introduction of Basel 2 and Basel 3," he said.

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