TULA, February 3. The Bank of Russia does not want to return to the system 5-10 state-owned banks, competition between banks of different ownership forms more useful for the Russian economy. This opinion was expressed to journalists by the Deputy Chairman of the Bank of Russia Mikhail Sukhov.
“I don’t think based on what is happening now, based on what was done in the early 90-ies, you need to talk about how to go back and recreate the structure of 5 or 10 banks. You need to capitalize on all situations. I think in the end, the competition between banks of different ownership forms, public, foreign and private healthier for the economy”, – said Sukhov.
Earlier, the businessman Oleg Deripaska on the sidelines of the Davos forum held in late January, expressed the view that the development of competition in the banking market should establish several large banks. According to the businessman, in Russia’s banking system lacks competition, which reduces the money supply for business.
The flow of deposits
Outflow of deposits from small to large Russian banks, which recently experts say, is not confirmed by the official statistics, however, the CBR intends to monitor the situation in the banking market, said Sukhov.
“In 2016 we will pay more attention to the possible transfer of deposits, but it is not happening. All comments about the fact that investors are fleeing from small banks to large not borne out by the statistics. Small Bank apparently knows how to work with the client and establishes relationships with them”, – said Sukhov.
According to him, the share of citizens ‘ deposits placed in banks that are not members of the first “thirty”, for the last two years not much has changed, with 22% at the beginning of last year to 21.5%. “Despite the decline in interest rates in small banks, they continue to retain their role in the market of attraction of deposits”, – said Sukhov.
The Chairman of the Central Bank also stressed that currently the Deposit market stabilization and creates the conditions for further attracting long-term deposits.
The growth of retail deposits in the banking system amounted in 2015 to 25%, he recalled. “Russian banks remain for the Russian major financial institution, where they place funds. Growth in 2016 may be more than 10%. Until we see that people began to spend their savings, despite the reduction in real incomes”, – said Sukhov.
The Central Bank of the Russian Federation in 2016 predicts profit of the banking sector up to 400 billion rubles
The ACB loan
Por the words of the Chairman of the Central Bank, the Bank of Russia expects from the Agency for Deposit insurance (DIA) in two years, refund on the loan to replenish the Deposit insurance Fund.
“According to the optimistic scenario, the Fund will start to pay the money in two years”, – he said.
According to Sukhov, the Bank of Russia with the beginning of the lending Fund must “understand the way out of this situation and time, and by source”.
He noted that the ACB Fund is replenished by two sources: contributions from banks and liquidated banks. “Growth funds from the liquidation of the banks, unfortunately, we do not predict, with 65-70% of this figure may decrease to 40-45% satisfaction of first-priority creditors”, – said Sukhov, adding that this is due to the identification of problems in banks a substantial excess of liabilities over assets.
As stressed by the Chairman of the Central Bank, the Bank of Russia is not counting on increased contributions to the Deposit insurance Fund as a source of replenishment of the Fund.
According to estimates of the Central Bank, by increasing premiums from banks that attract deposits at high interest rates, the Deposit insurance Agency can receive in the first quarter of 2016 3-4 billion rubles.
In late January the Agency has increased the size of the additional contributions to the Deposit insurance Fund for these banks. The basic rate at which the premiums will pay all banks remained unchanged – 0.1% of the calculation base for the quarter.
Sukhov also believes that despite the reduction in money received from liquidated banks, lending by the Bank of Russia is the main option of the Fund. In his view, if the increase the burden on the banks on the formation of the Deposit insurance Fund, can get negative effect. “For normal work of the Bank is necessary the interest of the owner in the Bank’s activity”, – said the Chairman of the Central Bank.
Because of the active withdrawal of licenses from banks that Fund the Deposit insurance Agency at the end of 2015 was not enough to pay the depositors. It was decided that a support Agency may apply to the Central Bank for a loan. The initial credit limit for the Deposit insurance Agency was established in the amount of 110 billion rubles of this amount, as of November 2015, the Agency selected the 75 billion rubles At the end of last year, the Agency increased the limit of credit funds of the Central Bank to replenish the Deposit insurance Fund another 140 billion rubles to 250 billion rubles —