MOSCOW, 8 February. Prime Minister Dmitry Medvedev will hold a meeting on financial and economic issues. According to the press service of the Cabinet of the Russian Federation, it will be discussed measures to ensure stability of the banking sector.
The meeting will be attended by first Deputy Prime Minister Igor Shuvalov, Finance Minister Anton Siluanov, economic development Minister Alexei Ulyukayev, Central Bank Chairman Elvira Nabiullina and the heads of banks.
See also related news:
A new plan of action in the economy
© Stanislav Krasilnikov/TASS
The head of “Aeroflot”: the privatization of the company will not give a lot of money in the budget
Topilin: raising the retirement age is not included in the new plan of economic development
Anti-crisis measures require funds from the budget more than it saves 10% cost reduction
Around the head: what will happen to the price of bread in 2016
That the head of the government in early February, plans to hold a meeting on the situation in the banking sector, reported in late January, citing sources familiar with the agenda of the meeting. It was noted that the meeting is expected to discuss the situation in the banking sector, the specifics of the specific sources have not been identified.
Earlier, the Prime Minister noted that the banking sector is currently stable, including through measures for recapitalization of credit institutions, and also due to the policy of the Central Bank on cleansing the sector from weak banks. He added that the government rely on the active support by banks of investment projects in 2016.
The recapitalization of the banking system about 1 trillion rubles through the OFZ was laid in the anti-crisis plan last year. The new economic plan for the current year does not expect significant steps to support banks, and will be mainly oriented to support competitive industries, small and medium business.
The situation in the banking sector
The past year was difficult for the Russian banking system: the market took nearly a hundred credit organizations on sanitation was transferred to 15 players, among which are included in the top thirty by assets, the Bank “URALSIB”. However, the financial authorities are not recognized in these events the financial crisis, calling them “a working situation”.
However, in 2016, clearing the banking system from a weak and unscrupulous players may continue, reported earlier. According to the Bank of Russia, in 2015, under the reorganization were 15 banks (2014 – 12), licenses have lost 93 credit institutions (in 2014 – 73).
Year under the sanctions: how survive Russian banks
The events that happen in the banking system, the head of Sberbank German Gref in the end of last year was assessed as large-scale banking crisis, as evidenced by the zero profit banks, the growth of reserves, clearing the banking system from weak players.
His statement sparked a lively discussion in the financial community. Besides Gref, signs of the banking crisis saw neither the Central Bank nor the financial agencies – the Ministry of Finance and economic development.
So, Deputy Minister of economic development Nikolay Podguzov considers that the Russian banking system “is properly performing all functions of lending in both population and the real sector”. In turn, the head of the DIA Yuri Isaev causes of the current situation of banks called the consequences of the 1998 default and that the recovery of the banking sector have not been conducted for many years.
According to Herman Gref, the cleaning process of the banking sector will last a few years, based on increasing capital requirements and from the point of view of introduction of modern technologies, transparency and risk management.
Sberbank CEO expects that in 2016 can be revoked the licenses of about 10% of Russian banks. Currently, this is approximately 75 banks. If this forecast will come true, and will exit the market as many players, by the end of 2016 in the banking system continues to operate for about 660 banks.
In turn, the President and Chairman of the management Board of VTB Bank Andrey Kostin predicted that by 2020 the banking system can remain about 300 credit institutions, and this will be enough to service the economy.
That the revocation of banking licenses will continue, indirectly evidenced by the fact that the DIA was asked to increase the size of the loan the Central Bank to make payments to depositors of bankrupt banks.
In December, the Board of Directors of the Agency approved the increase of the limit of the Central Bank for another 140 billion rubles to 250 billion rubles. By the beginning of the current year the DIA of the existing 110 billion rubles of credit resources of the Central Bank has spent about 75 billion rubles.