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Russian PM to discuss banking sector support measures with govt members, bankers

February 08, 2016, 2:09 UTC+3 MOSCOW

Measures to ensure stability of the banking sector will be discussed at the meeting

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© Dmitry Astakhov/Russian Government Press Office/TASS

MOSCOW, February 8. /TASS/. Russian Prime Minister Dmitry Medvedev will hold a meeting on financial and economic issues, the Russian government press service reported.

Measures to ensure stability of the banking sector will be discussed at the meeting, which will involve First Deputy Prime Minister Igor Shuvalov, Finance Minister Anton Siluanov, Economic Development Minister Alexey Ulyukayev, Central Bank chief Elvira Nabiullina as well as bank leaders.

Earlier the premier said the banking sector is currently operating in a stable way, including thanks to measures to additionally capitalize credit organizations, as well as thanks to the Central Bank’s policy to clear the branch of weak banks.

Last year was difficult for Russia’s banking system: about 100 loan organizations left the market, and 15 players were sent to financial rehabilitation.

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