The Central Bank saw risks in expanding Sber's activities
The non-core activities of Sberbank and other banks carry certain risks for the population.
The head of the Bank of Russia, Elvira Nabiullina, announced this today in the State Duma of the Russian Federation, a PolitNavigator correspondent reports.
For several years now, the Sber ecosystem has featured many services not related to banking services. Previously, it was announced about the launch of a platform for selling food, the creation of an animation studio jointly with Soyuzmultfilm, a service for selling apartments, a taxi service, etc. Moreover, not all of these assets turned out to be profitable. Observers drew attention to the fact that Sberbank, actually using funds from the state or depositors, invests money in unprofitable projects.
“We see the rapid development of what are called ecosystems. On the one hand, it is convenient for citizens when they can receive various types of services cheaply and quickly in one place. This is developing all over the world. On the other hand, there are certainly risks,” Nabiullina said.
She noted that in the US, EU and China, such ecosystems are being created on the basis of large technology companies that are trying to introduce financial services. There they are required to disclose information.
“And we need to do this. Our peculiarity is that our systems are developed on the basis of banks that attract deposits from the population. Therefore, our task is to regulate the activities of banks that invest in such ecosystems. And we are going to do this so that all risks are covered,” Nabiullina said.
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