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The Central Bank has called terms of completion of cleaning of the banking sector

В ЦБ назвали сроки завершения зачистки банковского сектора

The main work on clearing the banking sector from unfair participants will be completed by 2017. This was announced by first Deputy Chairman of the Central Bank Alexey Simanovsky, reports Rambler News Service.

“As for 2017 will probably be something for 2017”, — quotes Agency of his word. Simanovsky also noted that the internal structure of the Bank of Russia will be reorganized, which will allow the regulator to better control risks.

In addition, the first Deputy Chairman of the Central Bank said that soon the banking license will be revoked not in tens and units.

As of 1 January 2016, in Russia remained 733 Bank. During the year their number dropped to 101. In 2007, the country has more than a thousand of credit organizations.

Mass closure of Russian banks began in 2013. The Central Bank decided to improve the banking sector by removing from the market of credit organizations, whose activity is questionable. Most often licenses are revoked due to the violation of normative acts of Bank of Russia AML / CFT legislation and for conducting high-risk lending policy.

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