Banks may be in crisis again

14.05.2021

Voronov, head of the Department of Applied Economics, named the signs of a new banking crisis.

According to him, the basis of any crisis is a sharp decrease in the liquidity of credit institutions, when they cannot fulfill their obligations to creditors and depositors. Meanwhile, there is now a recovery growth of the economy after the pandemic, as well as an increase in the key rate of the Central Bank. “Therefore, the probability of a banking crisis in 2021 is extremely small,” the expert noted.

If there are concerns about their own savings, he advises placing them only in those banks that participate in the deposit insurance system. In this case, you can receive compensation in the range of 1.4 million rubles.