The Finance Ministry will tighten the criteria for the selection of banks for allocation of state funds


All the banks that will qualify for state funds as a passive base will have to obtain a rating or Analytical credit rating Agency (ACRA) or other accredited Agency. At this stage we are talking about ACRES, said Deputy Finance Minister Alexei Moiseev.

“Currently, the regulations allow to switch the ratings in the rating of reliability of banks for allocation of state funds is being developed. The expected distribution of projects for approval in September,” he said.

Moiseyev said that in the first phase the ratings will adjust the placement of funds of the Federal Treasury, but there will be other governing documents, the discussion of which will begin in September. “As for other types of public funds, that is, about four dozen government regulations, the list of which includes a large range of structures — from those who work with the overhaul to the Federal budget funds and state corporations,” the Deputy Minister said, noting that state-owned companies in this circle there is no GUP and the state. “We have no authority to deal with state-owned companies. — ) but we are seeking the following authority to receive,” he added.

History

The state began to toughen requirements to banks applying for the placement of state funds at the end of last year, after sustaining serious losses as a result of the crisis in the banking sector. According to the National rating Agency, which led the President of the NRA Victor Chetverikov, for three years, state companies and corporations could afford to lose in banks about 250 billion rubles (calculations were carried out on the basis of data on volume of funds of state agencies in banks with revoked license as at last reporting date before the revocation of the licence).

According to the published in may, the report of the control Commission of the President, 67 state-owned companies and their subsidiaries have lost more than 50 billion rubles in troubled banks, deprived of licenses, then the Central Bank. From the document followed that state-owned companies do not assess properly the risks for banks and eventually lose money. In particular, government agencies continued to place funds in Nota-Bank and Bank “Interkommerts”, despite their exclusion from the list of credit institutions that can work strategic and defense enterprises.

During the period when the were recorded for these losses, government agencies could place their money in banks based solely on their formal parameters — size of capital, the presence of a certain rating, no losses. Common criteria of assessment of banks was not.

In the summer of 2016, the government has tightened criteria for banks, increasing capital requirements up to 25 billion rubles. in addition, banks were required to participate in the Deposit insurance system, to be under direct or indirect control of the state or to participate in the state program of recapitalization through Federal loan bonds. In late July, the Federal Treasury has proposed to increase the capital requirements of credit institutions in accounts which hold funds of the Federal budget 250 billion rubles under this requirement are suitable for six banks: Sberbank, VTB, Bank of Moscow, Gazprombank, Rosselkhozbank, Alfa-Bank and VTB24 (follows from the data on the website Banki.ru).

In September, the Ministry of Finance proposed to make the main criterion for the selection of banks the credit ratings on the national scale. To award such ratings are eligible Agency enrolled in the special register of the Central Bank. Now it is listed only one organization and Analytical credit rating Agency (ACRA), established at the end of last year on the initiative of the Central Bank. Other Russian Agency ranked banks — “Expert RA” (RAEX), “Rus Rating” and the National rating Agency has applied for enrollment in the registry of the Central Bank, but the regulator’s decision has not yet received.

Last week was published the decree according to which banks that has not received a rating of an ACRE A+, after November 12, you may lose access to participation in the Deposit auctions of the Treasury. On 9 September the head of the Agency Ekaterina Trofimova said that the first rating agreements with banks have been concluded and some more contracts being prepared for signing.

The Finance Ministry believes that one of the rating agencies to assess the financial stability of banks is sufficient. The rating agencies with such statement do not agree. “To make use of the opinions of the rating agencies, the most objective, it is necessary when making decisions to rely on the ratings of at least two (and possibly three) agencies,” — said the President of the National rating Agency Viktor Chetverikov.

State beneficiaries

As of August 1 capital of more than RUB 25 billion have 47 banks. In the program of recapitalization through Federal loan bonds involved 35 banks.

The amount of state funds allocated in banks, August 1, is in the aggregate of 1.84 trillion, according to estimates of rating Agency Fitch, which raised public funds under the money of the Ministry of Finance, budgetary funds, non-profit organizations with the Federal responsibility. The state-owned banks accounted for about 1.49 trillion among the main recipients of hotpassion — VTB group banks, which was 868 billion. followed by Sberbank (141 billion rubles), Gazprombank (RUB 213 billion), Rosselkhozbank (241 billion rubles). The top 10 placed 280 billion rubles of state funds, of which banking group “Opening” and associated “trust” accounted for 188 billion rubles.

The Ministry of Finance believe that a big capital is not an indicator of the quality of the Bank, as is the case in particular with Russia. “However, we have no problem to organize the flow of funds in banks, and I hope that those banks who work with public funds, will be admitted into the system. Our goal is to save budgetary funds”, — said Moiseev.

Stricter requirements for recipients of funds of the Treasury in the form of the necessity of obtaining ratings will not have much effect, due to the fact that the circle working with these cash flows banks and is now very organic, and it includes, as a rule, only state-owned banks, says the analyst of ROSBANK Eugene Koshelev. “If you still want to obtain the ratings will affect the means all companies, the effect will be palpable,” he added.

“In General, if we talk about the amount of deposits of banks General government deposits including the FIU, regions, and the volume of about 1.5 trillion rubles. These threads useful and interesting to all participants of the market,” said Koshelev. Other market participants add that the introduction of new requirements for the ratings can finally make this system more transparent. According to the Treasurer of a major Bank, “state funds are often placed in banks according to informal agreements.”

Source