VEB during the crisis, was elected sanator banks, GLOBEXBANK and Sviaz-Bank, which will fall under the control of the DIA. If on the basis of the three banks will create a new state Bank, he hardly will be able to compete with the major players, experts say.
MOSCOW, 25 Jan. The idea of creating a new state Bank in the merger of the Svyaz-Bank, Bank “Globex” and “Russian capital”, included in the Top 40 Russian banks, is controversial amid the privatization of other state-owned banks; new Bank is unlikely to compete with Sberbank and VTB, and the efficiency of entrusting functions of Megacenter on this United Bank will depend on the team to manage it, experts say.
Vnesheconombank in the crisis of 2008 was elected sanator banks, GLOBEXBANK and Sviaz-Bank. The head of state Corporation Vladimir Dmitriev in December said that the VEB negotiates with the Central Bank of the Russian Federation about the fate of deposits in the amount of 150 billion rubles, previously issued for the purpose of improvement of these credit institutions.
Friday Dmitriev said that GLOBEXBANK and Sviaz-Bank will come under the control of the Agency for Deposit insurance (DIA), and the volume of Vnesheconombank’s obligations to the Bank will be reduced by the market value of these banks.
Later, the Minister of economic development of Russia Alexei Ulyukayev called a reasonable idea to give banks, GLOBEXBANK and Sviaz-Bank under the control of the DIA and in the future unite them with the Bank “Russian capital” (subsidiary Bank ACB), which is now involved in sanator banks and companies. According to him, the new Bank can compete with state banks.
If on the basis of the three banks will create a new Bank with state participation, it is unlikely to be able to compete with the major players in the market, believes the head of Department of the analysis of financial institutions by the rating Agency RIA Rating Andrew Manko.
“United Bank enters Top-20 largest banks of Russia, thus, in the medium term it is unlikely to compete with Sberbank and VTB, as it will be less than them in size actually an order of magnitude,” — said Manko.
The controversial idea of creating a new Bank with state capital was named Chapter of the Association of Russian banks (ARB) Garegin Tosunyan. “Not one hand to create a Bank with state participation, and the other hand to privatize the existing state-owned banks,” said Tosunyan.
Experts on-to a miscellaneous reacted to the idea of creating on the basis of Svyaz-Bank, Bank “Globex” and “Russian capital” Megacenter, which would be engaged in financial improvement of banks and other companies.
Megacenter made the head of the analytical Department of the investment unit at Nordea Bank Dmitry Fedenkov. According to him, it probably will get worse if the situation in the banking sector and the situation with companies that will put pressure on financial institutions in the form of bad debts. The effectiveness of megacentre, in his opinion, will depend on the team to manage it.
“Depends on who will be included in the governing Council, who will head this structure. It is a question of specific candidates and teams who will deal with this problem”, — said Fedenkov, noting that the issue of raising funds for financial rehabilitation other players to that structure will not stand – the money will give the state.
The idea of creating Megacenter on the basis of state-owned banks reacted positively to Tosunyan from ARB. The head of the banking Association explained that private banks do not want to “close the holes” for your account, and you are ready to sanitize only if for these purposes the state will allocate funding. There is a risk that in fact private, the turnaround will not spend public money on rehabilitation of problem organizations, and their own needs.
“Logic States must be this: if you really want to sanitize, then put money, bring under rigid control by a corrupt state when this product will be gladly bought, and then get back your money. The entire procedure the state must not face a Ministry to perform, and in the face of the Bank or the Corporation, but it has to be something with rosresursy and under the auspices of the state,” said Tosunyan.
“The idea of Megacenter has long been debated, but it is not clear why merge three banks. The idea of Megacenter controversial public – private banks and investors are doing quite well with the role of Senatorov, but that’s not going to want to sanitize the owners probably don’t need to sanitize and state megacentre,” he brought a different point of view Manko from RIA Rating.