Matvienko noted the reduction in the number of regional banks in Russia

MOSCOW, April 12 – RIA Novosti. The banking system should become one of the drivers of economic recovery, at the same time, there is a decrease in the number of regional banks, said the speaker of the Federation Council Valentina Matvienko.

“The banking system should become one of the drivers of economic recovery in the country,” the parliamentarian said, speaking on Monday at a meeting with representatives of regional banks.

At the same time, she noted that there is a decrease in the number of regional banks, “five large banks account for two-thirds of total assets.” According to experts, there is a threat of monopolization of the banking system as a whole, she added.

Matvienko believes that it is necessary to create comfortable conditions for the operation of various banks, in which everyone could find “their own niche.”

The speaker of the Federation Council noted that it is difficult for regional banks to compete with large credit institutions in terms of introducing digital technologies, and this may be one of the reasons for their ousting from the market. In her opinion, a mechanism for transferring digital solutions to the level of regional banks is needed. Матвиенко отметила сокращение числа региональных банков в России

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