Central Bank to prevent state share growth in banking sector

Central Bank to prevent state share growth in banking sector

The Central Bank of Russia is going to prevent further growth of the state share in the Russian banking sector, the head of the Bank of Russia, Elvira Nabiullina, said today.

"I would like to confirm our intentions not to allow a further growth of the public sector in banks," Gazeta.ru quotes her as saying.

According to Nabiullina, the Central Bank is not going to turn a blind eye to the problems in the major banks.

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