ARB regrets the release of a number of large banks from the Association
The Association of Russian banks regrets the release of a number of major credit institutions of the ARB, says the Association.
Eight of the largest Russian banks – Sberbank, VTB, VTB24, Rosselkhozbank, Gazprombank, Alfa-Bank, Bank “FC Opening” and b & n earlier on Monday announced the release of the ARB because of the position of the Association on a number of issues, including the activities of the Central Bank for cleaning the banking sector. Disagreement banks have raised a number of points contained in the annual report of the Association, which was presented at the Congress of the ARB in March of this year.
“We regret that some large credit institutions took the decision to withdraw from ARB”, – stated in the message of the organization. “Articles of Association means the rule of “one member Association, one vote”, and this rule is strictly observed. All major decisions related to the activities of the Association, are made collectively by the Council, ARB, approved at the meeting of the Association – said in a release.
The ARB noted that the position of the Association on the development of the banking sector, including those outlined in the report to Congress in 2017, was approved on a vote of Council ARB in March 2017 44 bedrooms “for” and one “no” vote and one “abstention”.
“In this regard, we categorically reject the charges of some credit institutions that the report’s conclusions do not correspond to the opinion of the members of the Association. The big banks – members of the Association can (and always could) to take an active part in the formation of the ARB’s position on issues of financial market development on different levels – from Board ARB to work in the committees of the Association”, – is spoken in the message.
Application for withdrawal of banks from the composition of the ARB, according to the Charter, will be considered by the ARB Board.