MOSCOW, November 10. Profit of the banking sector at the beginning of November amounted to 192 billion rubles, said first Deputy Chairman of Bank of Russia Alexey Simanovsky at the conference on Tuesday.
“The profit of the banking sector as of 1 November had increased to 192 billion rubles. the Barrier of 200 billion rubles, I think we will go”, he said.
Previously Simanovsky said that the profits of Russian banks in 2015 may reach 100-200 billion roubles and in 2016 – about 200 billion rubles.
According to first Deputy Chairman of the Central Bank, the growth rate of economy crediting by the Russian banks in October, excluding foreign exchange revaluation amounted to 0.4%. “Consumer lending fell by 0.5 per cent,” he said.
Simanovsky added that the growth of Bank lending to corporations during the reported month amounted to 0.7%.
Problems in the banking sector
Experts of Bank of Russia consider that, of the 160 banks in six hypothetically can be difficulties with the implementation of capital adequacy ratio, said Alexei Simanovsky, assessing the readiness of Russian banks in the transition to the international standards of Basel III with the New year.
He reminded that from 1 January 2016, Russian banks will have to switch to the Basel standards, in accordance with which the adequacy of total capital be 8% and not 10% as it is now.
“There are banks that will see that some difficulties may arise in complying with this standard. We have a total of 160 banks that we have conducted assessments, only six banks have some difficulties with the implementation of capital adequacy ratio. This is a very small part of the banks,” said Simanovsky.
“Basel III” – the document of the Basel Committee on banking supervision, containing methodical recommendations in the field of banking regulation and approved in 2010-2011.
The third part of the Basel accords was developed in response to deficiencies in financial regulation exposed by the financial crisis of late 2000-ies. Basel III strengthens the capital requirements of the Bank and introduces new regulatory requirements on liquidity. The main purpose of the agreement “Basel III” is to improve the quality of risk management in banking, which, in turn, should strengthen the stability of the financial system as a whole.
The transition to “Basel III” is scheduled for 2012-2019.