Russian banking sector to be stable in 2016 — Central Bank Chief

MOSCOW, October 21. /TASS/. Russia’s banking sector will remain stable in 2016, Central Bank Chief Elvira Nabiullina said on Wednesday.

"We expect the situation in the banking sector to remain stable next year, with banks gradually boosting lending as they’re supporting the economic growth," she said.

Central Bank Chief also said the situation with Russia’s banking sector’s liquidity is still improving.

"Free bid security has surged from 3 trillion rubles ($47 mln) to 9 trillion rubles ($143 mln). The demand for reference has decreased due to improved situation with foreign exchange liquidity. The peak of $36 bln of indebtedness was followed by $26 bln," he said.

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