• The President of ARB Tosunyan refused to resign

  • The head of the Association of Russian banks (ARB) Garegin Tosunyan has no plans to leave his post due to the withdrawal of large financial organizations of enterprises. On Monday, July 17, he told TASS.

    "I don't plan to retire" — leads the Agency of his word.

    While the Chairman of the Board of alpha Bank Vladimir Senin said that replacing the current leaders of ARB new faces will not solve all the accumulated working time organization problems.

    "Necessary structural reforms, including a change in the principles of management of Association. Question about how will be built the cooperation between credit institutions after the release of ARB is under discussion," he said.

    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.

    "The Association values every member. And, of course, the departure of any member is for the Association is always painful, no matter how big or small it is. 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" — responded Tosunyan.

    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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