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News

04/07/2005

Russia's President Vladimir Putin met with President of Alfa Bank Peter Aven

Vladimir Putin asked to assess the situation in the banking sector in Russia, in particular the development of consumer and mortgage lending.

According to Peter Aven, the banking system, Russia has strong growth. «Over the past year, consumer loans in the country as a whole has almost doubled. Today a third of the growth of consumption is provided by bank loans. In fact, banks have begun to fulfill the role that would have to perform from the outset - to stimulate consumption, the formation of the middle class », - emphasized Petr Aven.

Replying to a question from Vladimir Putin on the development of mortgage lending, Pyotr Aven told that mortgage today is on the verge of the same revolution that took place in consumer lending in recent years.

«Very rapidly, foreign banks, their share has grown one and a half times per year. Thus, despite the positive impact of deposit insurance system, remains an issue of confidence in private banks, there is also an issue of the capitalization of private banks. We are working very effectively with the Central Bank, and established operational synergies, which helps to raise the rating of banking systems », - said Petr Aven.

Vladimir Putin also raised the activities of Alpha-Bank, which last year was faced with the difficulties caused by the unjustified unrest among investors. «I hope that since we met last year have been positive changes, and this strain, as was the case last year, no», - said Russian President. «While I believe that it was caused by artificial factors», - Vladimir Putin added.

«In the past year, despite the tension, which I believe was created artificially, and you do not pozhadnichali spent with their clients correctly and honestly», - said Vladimir Putin.

Source: Press Service Alpha-Bank

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