February 26, 2018 / 11:02 AM / 7 months ago

Russian cbank won't stop banking sector cleanup - governor

MOSCOW, Feb 26 (Reuters) - Russia’s central bank does not intend to stop its clean up of the banking sector in response to concerns over rising state ownership, central bank governor Elvira Nabiullina said on Monday in the upper house of the Russian parliament.

Nabiullina also said the central bank needed to return bailed-out banks to the market quicker. She said that property in banks’ portfolios had been over valued. (Reporting by Daria Korsunskaya; Writing by Polina Nikolskaya; Editing by Christian Lowe)

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