“Gref estimated the impact of market volatility on the financial results of Russian banks in the 80-100 billion rubles.

– The head of Sberbank German Gref said that the volatility of the financial markets will affect the results of Russian banks in the amount of 80-100 billion rubles.

This assessment, he announced at a press conference on Tuesday.

“With regard to the volatility of the markets due to sanctions, which was last week and continues this week, it will affect the outcome. It is clear that the dollar has an impact on capital and financial results”, – said Gref.

According to him, the banking sector of the Russian Federation influence may amount to 80-100 billion rubles, of which a large part will pass through the revaluation through equity, the other part through the financial result.

Earlier Monday, the first Deputy Chairman of the CBR Ksenia Yudaeva said that the current situation in the foreign exchange market more stable than it was in 2014 or 2016.

“The situation now is better compared to 2014, we looked at the situation in 2016, when there is increased volatility in the beginning of the year when oil prices fell. If you take the foreign exchange market, but now the situation is more stable, if we take other markets, there is now work specific factors, therefore, we can say that the situation is more volatile than it was then,” said Yudaeva.

She noted that the Russian infrastructure is a set of tools to stabilize the volatility that such factors do not develop into systemic risks.

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