Russia’s banking system is under pressure from introduction of Basel 2-3 standards
Business & Economy
October 22, 2015, 12:21
According to Sberbank CEO, in 2015, 77 banks in Russia lost their licenses
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.