Passenger plane crashes in Cuba - TVWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
MOSCOW, November 22. /TASS/. Russia’s banking sector has passed most of the financial recovery way, Central Bank First Deputy Chairman Alexey Simanovskiy said Tuesday.
"In my view the most past part of the way regarding the banking sector’s recovery has already been passed," he said.
According to Simanovskiy, the bulk of the banks with cancelled licenses had "unprofessional policy related to the banking business management." "In the first place banks lost (funds) not because of changes in interest rates or inflation, but because they mainly pilfered, pardon me," he added.
Earlier Central Bank’s Governor Elvira Nabiullina said that since 2013, the regulator has revoked licenses of almost 300 banks, most of which misreported financial statements. According to Nabiullina, 205 credit organizations were recognized bankrupt by arbitration courts from 2013 to 2016 and their value of assets according to the interim administration assessment only accounted for 40% of the assets stated on the banks’ financial reports.