• Head ARB has responded to the departure of large Russian banks

  • The exit of major banks from the Association of Russian banks (ARB) should not globally affect her work. On Monday, July 17, said the head of the ARB Garegin Tosunyan, reports Rambler News Service.

    "The Association values every member. And, of course, the departure of any member is for the Association is always painful, regardless of major or not major. But the global activities of the Association, I think that should not affect. But it will be for the Council to decide how it will affect" — leads the Agency of his word.

    He explained that banks have the right to leave the ARB, and the organization will discuss this topic. "We will consider this issue at the next Board ARB: in normal mode, when held. Banks have the right to declare its withdrawal, and, accordingly, it is their right, and it will be fulfilled," — said Tosunyan.

    Previously, on 17 July, the largest Russian financial organizations — Sberbank, VTB, VTB 24, "Opening", Rosselkhozbank, Gazprombank, the Bank and Alfa-Bank announced the release from ARB. Credit institutions noted that the efficiency of the Association is reduced, and constructive dialogue within the banking community is replaced by hours-long speeches.

    27 March ARB accused The Bank of Russia that the regulator applies differently to institutions with different amount of capital. The same day Alfa Bank said it does not agree with the thesis of the ARB and shall suspend membership in the Association.


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