Banking supervision // Should economic sectors be divided between financial organizations for sponsorship?

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The head of VTB proposed dividing economic sectors for financing between banks. Such a scheme would be much more effective than state sponsorship of priority projects “just like that,” said Andrei Kostin. So, for example, VTB could be responsible for shipbuilding, and Sber – for artificial intelligence. Vladimir Verkhoshinsky, Chief Executive Officer of Alfa Bank, also took part in the discussion at the Finopolis forum and supported this idea. He noted that a similar scheme was used in South Korea and it turned out to be effective. Mr. Kostin, in turn, compared this approach to a collective farm.

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