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Central Bank says stagnation stage in Russian banking system is about to end

November 15, 2016, 12:20 UTC+3 MOSCOW

The bank's deputy CEO has marked a slight growth in the sector of loans to legal entities

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MOSCOW, November 15. /TASS/. Russia’s Central Bank marks that the stage of stagnation in the national banking system is about to end, the bank’s Deputy CEO Vasily Pozdyshev said speaking at the meeting of bankers with the regulator’s management.

"The dynamics of the banking system is positive and it has passed the crisis stage, the stage of stagnation is about to end. I see the beginning of growth," he said.

In particular he marked a slight growth (0.4%) in the sector of loans to legal entities.

"This is a slight increase, but if such dynamics continues in the next period we will reach a normal annual growth rate of 5-6%," Pozdyshev said.

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