• The Central Bank spoke about the excitement of the conflict over ARB

  • The Bank of Russia is anxiously watching the development of the conflict around the Association of Russian banks (ARB), but should not interfere in it. On Monday, the 17th of July, said Deputy Central Bank Chairman Vasily Pozdyshev, reports TASS.

    "The regulator like the Central Bank, which is not a member of any associations, by definition, should not interfere in such heated discussions between the banks and the leadership of the Association. Moreover to give any comments would be, in my opinion, is incorrect", — he added.

    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 head of ARB Garegin Tosunyan resign no plans to leave.

    At the end of March the Association 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.

    http://lenta.ru

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