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Digital ruble introduction may affect bank business models — Nabiullina

Introduction of digital ruble may affect business models of banks, said Elvira Nabiullina, head of the regulator, speaking at VTB Capital’s Russia Calling!

“Introduction of digital ruble may affect business models of banks. We understand this and would limke to hear from banks how they see this. Liquidity management may become harder, but here the Central bank is ready to fine-tune its tools to alleviate concerns of banks. Profit structure will change, individual transactions will become cheaper. But convenience will result in greater volumes of such transactions. Banks will still be making money”, — she said.
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