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During the session the President noted that despite the fact that over the last few years Russia’s banking system has seen a powerful surge in its development, a number of topical problems remain. They include an insufficiently developed network of banking establishments in Russian regions and the fact that, according to the head of state, the domestic banking system cannot cope efficiently with the increase in demand for financial and credit services.

The session also discussed problems linked to the development of mortgage credits and the Russian banking system’s preparedness for potential accession to the WTO.

Finance Minister Aleksei Kudrin, the heads of the regions, as well as the heads of major Russian banks participated in the session.