Latest News - #Andrey Kostin (banker)

The expert doubted the forecast of the dollar for 90 rubles

Director for analysis of financial markets and macroeconomics UK "Alfa-Capital" Vladimir Bragin questioned the realism of the prognosis for growth of the dollar to 90 rubles, the opinion he expressed in an interview with RBC.

Previously, the Center for macroeconomic analysis and short-term forecasting (CMASF) published a forecast that the dollar may rise to 90 rubles in the case that the world will begin a second outbreak of the coronavirus and the authorities will again have to enter the appropriate constraints.

The head of VTB believes that the dollar should cost no more than 70 rubles

The head of VTB Andrey Kostin not surprised by the rapid recovery of the ruble, he believes that the dollar should cost no more than 70 rubles.

"No, because we always talked about the fact that our ruble to a certain extent undervalued. But the oil situation has really dealt a serious blow, but in General the Russian economy after all, has considerable reserve, and the macroeconomic indicators are unique," said Kostin in an interview to Business FM, answering a question, it is not surprising if his "rapid recovery of oil and especially of the ruble".

Kostin believes that Russia will not be a banking crisis

The banking crisis in Russia will not, but the sector as a whole does not make a profit for the year the results can be low, even zero, but a loss is unlikely, said the head of VTB Andrey Kostin.

"I do not agree fully with Alex (head of the accounting chamber of the Russian Federation Kudrin - ed.) in the sense that we will have a financial crisis, because over the years the banking sector much stronger, heavily capitalized. But the fact that it greatly affects the incomes of the Bank that we have, for example, the figures for the last months of the second quarter went, in April, the profit is reduced literally six times is in the whole banking sector and for the Bank due to the increasing reserves, because of the shortfall in income," he said in an interview with Business FM.