Business · Economy · 11 hrs ago
Gazprombank CEO says Russian banks can fund further development
Gazprombank CEO Andrey Akimov told Vladimir Putin that Russia’s banking system is stable.
He made the remarks at a meeting with the Russian president in Moscow.
Akimov said the system has reserves to support economic development, and credited the work of the Central Bank and government.
Gazprombank’s profit was 130 billion rubles, or $1.6 billion, at the end of last year.
Akimov said banks are ready to finance large-scale investment across the country.
He added that banks could support further development if monetary policy is softened, but gave no details of any policy changes.
Gazprombank CEO Andrey Akimov said Russia’s banking system is stable and has reserves to finance further economic development.
He said banks are ready to support large-scale investment.
Akimov said further development could be financed with an appropriate softening of monetary policy.
He attributed the banking system’s resilience to the work of the Central Bank and government, as well as President Vladimir Putin’s attention to economic and financial issues.
Gazprombank’s profit was 130 billion rubles as of the end of the previous year, Akimov said.
- Who
- Gazprombank CEO Andrey Akimov.
- What
- He said Russian banks have reserves and can finance further economic development.
- When
- October 26, 2026.
- Where
- At a meeting with Russian President Vladimir Putin in Moscow.
- Why
- Akimov said banks can fund further development with an appropriate softening of monetary policy.
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- Gazprombank CEO
- Andrey Akimov
- Profit
- 130 billion rubles as of the end of the previous year
- Meeting location
- Moscow
- Published
- October 26, 2026
What people are saying
We look rather confidently to the future and are confident that banks can finance further development with an appropriate softening of the monetary policy. Reserves are in place.
Since we are part of the banking system, I see the Russian banking system is in a very stable and resilient condition.