Philippe Delpal, CEO of Cetelem in Russia took part in the 14th International Adam Smith Conferences Russian Banking Forum in London
14th International Russian Banking Forum took place 3rd -6th December in London, UK. Over 400 delegates including management of the leading Russian banks, international financial institutions and representatives of the official bodies and rating agencies attended the Conference. Speakers addressed the audience about the global effects of the current crisis on the further development of the Russian banking system, future of banking IPOs, problem of banking risks in Russia, regulation changes and their influence on the banking sector. The event gave an opportunity to the leading players of the market to discuss the main trends and tendencies of the banking sector development and to share experience.
Philippe Delpal made a presentation “Analysis of evolution in the development of the Russian Retail Banking Industry” in the framework of the session “The Russian banking sector in 2007”. In the same section addressed the representatives of the leading Russian banks and banking associations: Bella Zlatkis, Deputy Chairman of the Board, Member of the Supervisory Board, Sberbank, Michel Perhirin, Chairman of the Management Board, MDM Bank, Alexander Handruyev, First Vice-President, Association of Regional Banks.
Philippe Delpal addressed the audience about the main stages and prospects of the retail banking services market in Russia. He stressed that Russian market evaluates towards the mature stage of development. This is confirmed by the perfection of the banking legislation, growth of transparency of the credit organizations, uprising of the modern banking products and services and growth of banking penetration. “The market will have to face several serious challenges within the following years. Changes linked with the liquidity crisis, necessity for banks to quickly develop regional infrastructure in line with retailer development in the regions and decline in margins will allow multinational banking groups to take leading positions on the market” – mentioned Philippe Delpal in conclusion.
