Cooperation of banks in Europe and Russia will ensure the stability of deposits

Over the past decades, the Banking Sector of Russia has shown its maturity, and the ability to work in the conditions of the global economic crisis, improving the level of work with clients. This contributed to the interest of European colleagues in cooperation with Russian banks.

That is why European colleagues in cooperation with the Russian sector create new banks as a fruit of joint activities. Such associations strive to win the trust of Russian depositors and ensure a strict order in doing business. In addition, European banks are tuned to work with deposits of average citizens and corporate clients. Europeans intend to invest new projects in Russia, conduct charitable actions, and promote organization of sporting events.

At the same time, the Ministry of Finance of Russia improves laws that will ensure that the liability of bankers for violation of reporting will ensure. It is assumed to introduce a bill providing for imprisonment for up to four years for unlawful actions during the bankruptcy procedure. The introduction of criminal liability for falsification of banking reports will contribute to the transparency of the activities of banks and reduce financial risks. At the same time, criminal liability will not be introduced for random non -systematic errors in order to harm the bank’s work process.

Cooperation of European and Russian banks can be considered evidence that the Russian banking sector is the world level. The intentions of European banks to create joint commercial projects should positively affect the provision of banking services to enterprises and ordinary citizens. At the same time, joint banking will contribute to the development of the economy of Russia as a whole.