The government will limit the number of banks for allocation of state funds


The government will soon issue a decree limiting the scope of banks, the accounts which can be stored by the state, informs “RIA Novosti” with reference to the Ministry of Finance. The press service of the Ministry of Finance in reply to a query said that the draft decree allows state corporations to place funds in banks, if they have a direct or indirect participation of the Russian Federation or participate in the recapitalization through the DIA. Also to place money in banks for which there is a separate government decision, but only on the condition that their capital exceeds 25 billion rubles, said the press service.

According to the NRA, on March 1, 2016 state-owned companies to hold accounts in banks 670,5 billion rubles.

According to “the Banks.ru” on March 1, the capital 123rd shape exceeds 25 billion rubles in Russian banks 44. Of these, the accredited Agency to obtain state support 27 banks. Some of them have already received OFZ, others not yet.

BFL received SMP Bank “Vozrozhdenie”, Moscow Industrial Bank, MDM Bank, Absolut, MTS-Bank, Bank “Novik”, Sovcombank, Zenit, Sviaz-Bank, Binbank, AB “Russia”, Bank “AK BARS”, Bank “Saint Petersburg”, ICB, PSB, “FC OTKRITIE”, VTB, alpha-Bank, Rosselkhozbank and Gazprombank. Also the state aid received by the Bank “URALSIB”, but now he does not disclose his statements. Accredited, but not yet received OFZ banks with capital exceeding 25 billion rubles “Ugra”, “Globex” and “daughter” banks that are already present in the list, — “Khanty-Mansiysk Bank OTKRITIE”, VTB24 and Bank of Moscow (they received OFZ parent banks). The Ministry of Finance by the end of 2015, it was announced that a second wave of recapitalisation, which will include banks with a capital of 25 billion rubles as of 1 October. Such banks are Transcapitalbank, “Peresvet”, RosEvroBank, and “Tsentrokredit”.

In early January, “Vedomosti” with reference to Deputy Finance Minister Alexei Moiseyev wrote that it’s about the money “companies having the status of state corporations and state companies, and not joint-stock companies with state participation”. For distribution of such restrictions on the joint stock company needs to change the law that is not yet planned, said Moiseev.

Because the list was prepared since the end of last year, the understanding, in which banks can hold the funds, has been, says the managing Director on Bank ratings RAEX Stanislav Volkov. “In other words, the banks had time to prepare for such a limitation. However, not all banks managed to do it, some can face significant outflow of funds, which have to replace other money. Much will also depend on the interpretation of the concept of “public funds” in practice”, — said Volkov.

As the Vice-President of RosEvroBank Yulia Zaitseva, state-owned companies on a regular basis request a lot of information about the financial condition of the Bank. “So, they are interested in capital adequacy, liquidity, profitability own capital. I got the feeling that some state-owned companies and prior to that was an unspoken desire to place their funds in banks with capital exceeding 25 billion rubles,” she says.

In October of 2015 because of the outflow of funds of state companies began to experience liquidity problems Note-the Bank that lost its license in late November 2015. Then Deputy Director for financial institutions at S&P Anastasia turdyeva explained the abnormal outflow of funds information about the upcoming changes, limiting state-owned companies in choosing a Bank for placement of funds.

On February 26, “Interfax” with reference to Deputy Finance Minister Alexei Moiseyev wrote that the social block of the government proposes to allow the placement of funds of state companies and state corporations, state-owned banks only.

Earlier Medvedev has instructed the Federal service for financial monitoring, Ministry of Finance, economic development, Bank of Russia and the audit chamber to report on the facts of placement of state corporations and companies with state participation funds in the banks deprived of the licence or subsequently, having an unsatisfactory financial position. The government was expected to propose measures that would have averted this situation.