Central Bank can extend loans, the DIA payments to depositors and Bank rehabilitation


The right Bank of Russia to extend loans to the DIA, stated in the amendments to the second reading of the bill on the creation of a Fund for the consolidation of the banking sector (available). Today, April 17, the state Duma Committee on Finance supported the amendment, reports the Agency “Prime”.

From the wording: “the Bank of Russia may take a decision about prolongation of period of validity of the credit agreement, under which the state Corporation “Agency on insurance of contributions” granted credit without collateral, for up to five years” — not clear on what the loans involved. But given that the amendment is made in part five of article 46 of the law on Central Bank which States as loans to replenish the Deposit insurance Fund and the funds of the Central Bank to prevent Bank failures, to renew you, both types of loans.

The Deposit insurance Fund is funded by the Bank in the summer of 2015 when it became scarce due to large insurance payouts to depositors in connection with frequent reviews of licenses .

Loans are issued on the reorganization of the Central Bank since late 2008, when a law was passed regulating the health of banks. ASV in this case acts as an intermediary: the Agency received loans from the Central Bank, and displays them in the form of loans the sanatory involved in the rehabilitation of problem players.

Non-renewable Fund

Initially, the insurance Fund was financed by quarterly contributions from the banks. They pay to the Fund a certain percentage of their attracted funds of the population. These funds were enough for insurance payments to depositors when withdrawals until the moment when the clearing Bank market from dubious and unstable players, the Central Bank initiated in 2013 has gained momentum.

As a result, in 2015, the ASV appealed for financial support from the Central Bank. Initial credit limit approved by the regulator to replenish the Deposit insurance Fund amounted to 110 billion rubles, funds were provided for up to five years. However, clearing is still going on, and with it grows and the debt of the DIA to the Bank. Limit the Agency’s credit line from the regulator now is 820 billion roubles, from them selected 549 billion.

These debts clearly correlate with the payments to depositors. In 2016, the reimbursement amounted to 568,4 billion rubles for 88 claims against 369,2 billion rubles in 2015. The contributions from the banks is not comparable with the cost in 2016 of a credit institution transferred 109,46 billion rubles, in 2015 – 78.9 billion rubles

Supported by the state Duma Committee on financial markets of the amendments — in fact, the first official recognition of the magnitude of the problems of the DIA with the repayment received from Central Bank funds within the established deadlines. Amendments are proposed to more than double, which will facilitate the servicing of these loans.

Still the situation can be assessed only indirectly. In particular, as reported, in March of this year, the DIA has decided to transfer the Central Bank as payment for their debts new office on Mosfilmovskaya street in Moscow cost about 6 billion rubles. it is Now clear that this is not enough.

“The extension of loans to Bank — statement imminent: the amount of insurance contributions from the participants of the Deposit insurance Fund and the amount to sell the DIA assets of bankrupt banks are insufficient to refund the Agency the Bank of Russia”, — says the managing Director on Bank ratings “Expert RA” Stanislav Volkov. Is the recognition that the scale of the problems in the purification market has exceeded expectations.”

“The burden on the Deposit insurance Fund is not reduced, so the DIA needs a rollover of the existing loan agreements,” — said the head of the group Finance ACRES Kirill Lukashuk. After finishing cleaning of the banking sector should take some time to the Corporation has been able to restore its insurance Fund by contributions of banks, but this process may take several years, he States. In the beginning of the year, Central Bank head Elvira Nabiullina stated that the clearing of the banking market can be completed within two to three years.

Fatal recovery

As for the extension of loans for the rehabilitation of banks, despite their large volume, the situation is less tense.

According to ASV, as of 1 January 2017, the total amount of funds allocated for financial recovery of banks amounted to 1.2 trillion rubles. taking into account the repayment of principal.

This debt through banks-sanatory. As with the results of such loans and their repayment, the DIA acts as an intermediary.

The problem with these loans not only the repayment of the funds received from the Central Bank, but also in the desire of sanator to increase the amount originally allocated for the recovery of funds. Requests for extension of these loans motivates banks revealed “holes” in the balance sheets of reorganized their players. So, holding “Open” sought the DIA another 47 billion rubles on sanitation of “Trust”, which has allocated 127 billion rubles In may 2016 Transcapitalbank reported that it is necessary for the rehabilitation of Investtradebank additional 26.2 billion rubles to 29.7 billion rubles, which he has already received a recovery for a period of 10 years.

To increase the funding of the Central Bank and ASV in most cases refuse. Instead, a number of banks had promised to extend the term of loans and thereby alleviate the debt service. In September 2016, the newspaper “Vedomosti”, citing its sources wrote that were extended credit, in particular, on the reorganization of the Bank “trust”.

Now, under the extension announced legislative framework.

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