Moscow. January 20. Systemic risks in the Russian banking system the Russian Federation is not observed, the situation is under control, said Deputy Chairman of the Central Bank of the Russian Federation Vasily Pozdyshev.
“The overall situation is not simple, but controlled. We do not see systemic risk in the banking system. Despite increased volatility in the exchange rate, there is no outflow of deposits, as it was in the beginning of last year, and this is a very good sign, – he has told on air of TV channel “Russia 24”.
According to him, hundreds of banks who give daily reporting to the Central Bank, does not see “any violations of standards, there are individual cases, but they are not tragic.”
The most significant banks this year, according to Pozdyshev, would threaten the credit risk. “Despite the fluctuations of the exchange rate, still the main risk for banks is the risk of their borrowers, whether the borrowers to service their debts. In the balance sheet of the Russian banks there is a considerable amount of foreign currency loans, these loans can hit the banks on both sides. First, the loan in the currency is revalued, and reserves it is necessary to create in roubles, accordingly, the loan remains the same, and reserves need to create more. This is a purely mathematical factor, it is not the most important, and to deal with it simply enough,” said he.
“And the factor of real deterioration of the borrower’s repayment capacity is a very serious work that will be required from the banks and from borrowers to compensate for this factor. This problem is solved by the restructuring,” – said Pozdyshev. He noted that the Central Bank stimulates banks to restructure loans.
The Chairman also noted that at the turn of 2015-2016 years there has been a significant change in the regulation – adoption of standards “Basel III” – and banks still have to adapt to a new calculation of mandatory standards.
Earlier Wednesday, the bankers asked the Central Bank of the Russian Federation to return the preferential rate for calculation of standards and to consider additional emergency measures to reduce the effects of a sharp devaluation on the stability of the Russian banking system. The corresponding letter addressed to the head of the Central Bank Elvira Nabiullina has sent banking Association “Russia”.