Russian banking sector now stable and healthy - Nabiullina

The banking sector of Russia is now stable and healthy, though there may be banks with problems once in a while, as Elvira Nabiullina, Governor of the Central Bank of Russia said in an interview to Russia24 TV channel.

"The banking sector is now in a stable and healthy condition, and the first wave of the pandemic has shown that banks in their current condition are capable of handling these risks, keep lending rates from declining, restructure loans ", - she said.

Nabiullina added that by results of 9 months of 2020 73% of Russian banks turned a profit, but the share of loss-making credit institutions in the assets amounted to only 3%