MOSCOW (Sputnik) – Russia’s Central Bank considers the banking sector in the country to be stable and the regulator’s stress tests have shown that it can withstand deterioration in the economic situation, Central Bank head Elvira Nabiullina said Tuesday.
“Overall, we assess the situation in the banking sector as being stable, the Bank of Russia regularly conducts stress tests and their results show that the key indices, including the sufficiency of cumulative capital, even with the worst case scenario of oil prices at $40 per barrel, remain above the necessary minimum taking into account the measures in recapitalization that were made,” Nabiullina said during a Russian Bank Associations meeting.
