Central Bank: Russian banking sector is stable and will withstand deterioration of situation

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The Bank of Russia conducts regular stress tests, the results of which show that even in the worst-case scenario with oil prices of $40 per barrel, the key indicators will remain above the minimum, considering additional capitalization measures that have been taken, said the head of the Central Bank of the Russian Federation Elvira Nabiullina.

The Central Bank assesses the situation in the Russian banking sector as stable; stress tests show that it will withstand the deterioration of the economic situation, said the head of the Central Bank of the Russian Federation Elvira Nabiullina.

"I general, we consider the banking sector stable, the Bank of Russia conducts regular stress tests and their results show that the key indicators, including the capital adequacy ratio, even in the worst-case scenario with oil prices of $40 per barrel, will remain above the minimum, considering additional capitalization measures that have been taken," she said, speaking at the Conference of the Association of Russian Banks.

Text and pictures by RIA Novosti