Dmitry Olyunin spoke on RBC-TV about main prospects of the banking sector for 2016
Dmitry Olyunin, Chairman of the Management Board of Rosbank, answered the questions of the hosts of “Bogdanov v kurse” programme on RBC-TV. He summed up the preliminary results of 2015 and outlined the prospective of development of the banking sector in the next year.
Dmitry Olyunin pointed out that the sector has managed to overcome the problems that arose in the end of 2014, i.e. the high pressure on the capital as a result of the reevaluation of ruble and a significant fall in liquidity. However, the system had to face other challenges, among which there were the narrowing of the interest margin due to the rise in the base rate, the decrease of demand in retail sector and the growing reserves. Dmitry Olyunin also mentioned the new configuration of the banking sector, the basis of which is formed by major systematically important banks. From the point of view of the top-manager, middle-sized banks and minor regional banks are trying to adapt to the new situation.
Chairman of the Management Board of Rosbank shared his views of the year 2016. In his opinion, the main goals of the banking sector next year are the search of possibilities for growth and the expenditure control. The key parameter that has a strong influence on the banking sector will be the dynamics of economic development, the rate of the growth of GDP and of business activity. Also the further decrease of the Bank of Russia key rate will influence the sector positively. One of the tendencies of the coming year will be the continuation of the consolidation of banks around the most stable financial institutions.
The program is hosted by Oleg Bogdanov and Elena Kochemasova.
To watch the full programme please follow the link.