business

The new head of the Bank of Russia removes inefficient banks from the market

The new head of the Bank of Russia removes inefficient banks from the market

The new head of the Bank of Russia removes inefficient banks from the market

Recently, the head of the Bank of Russia, Elvira Nabiullina, made a video message to users of banking services on the Forum of the Association of Russian Banks in Sochi.

The head of the bank said the following: almost 400 credit institutions have withdrawn from the banking market to date, which have not shown themselves & # 39; in the field of banking services.

Something about "unscrupulous" participants in the field of banking in Russia

Nabiullina explained that such a situation in the banking system of Russia was not due to the Bank of Russia's "blood thirst" to small financial credit organizations, but to the efficiency of their work.

Getting rid of unscrupulous, weak credit institutions, the Russian banking system gives an impetus to the development of healthy competition, "Nabiullina said in her speech.

The head of the Bank of Russia drew the attention of all participants in the banking sector to the fact that low inflation and the development of digital financing infrastructure are also developing in the sector.

Financial technology must be available for use not only for large banks, but also for small credit organizations, ie for all participants in the financial market.

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