Nabiullina Says No ‘Black List’ of Russian Banks - Bloomberg

Nabiullina Says No ‘Black List’ of Russian Banks - Bloomberg:



"Bank Rossii Governor Elvira Nabiullina said she doesn’t have a “black list” of Russian banks she aims to shut down after closing 30 small lenders in her first seven months on the job.



“There is no black list of Russian banks; it’s nonsense,” Nabiullina said in an interview with Russia’s Channel One TV yesterday. “Withdrawing a license is always a measure of last resort for the central bank. We will always work with a bank first.”



Since taking office as Bank Rossii governor on July 1, Nabiullina has stepped up efforts to tighten regulation of banks and curtail net capital outflows that were forecast at about $55 billion last year. The central bank canceled the licenses of AKB Novokuznetsk Municipal Bank OAO earlier this month, saying the Siberian lender made high-risk loans and allowed its owners to borrow from the company. Master-Bank had its license revoked in November for money-laundering violations."



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