El notes

Experts say the Central Bank, this measure will extend the life of the notes. Term of this depends not only on the strength of the paper, but on the rate of contamination – 95% of banknotes withdrawn from circulation for this reason.

finest water-repellent lacquer coating and should protect the money from the buildup of dirt. In this way the central bank expects to extend the life of banknotes in 1,5-2 times.

No new money is issued as an experiment. He comes in three regions of Russia and will be completed in six months, when varnished banknotes will be withdrawn from circulation and studied by specialists. If their condition is much better than usual, the technology will be introduced more widely.

ten-now “lives” about 6-8 months, hundred-ruble note – 1,5-2 years, thousand – bill – 2,5 years, and 5 thousandth – 4,5 years, remind specialists CB.

“These decisions can not be strong-willed. They must be economically well developed. But, nevertheless, the direction is clear: we must engage in consistently lower credit rate for the whole economy and especially for small and medium business “- said the head of the country.

For its part, head of the Bank’s president has assured that the prospect of lower rates on loans provided by using the resources of the bank, there is.

According to Vladimir Dmitriev, this year the bank intends to launch a new product which enables the related regional banks to reduce the rate of credit to final borrowers. As the head of Vnesheconombank, the launch of this product was made possible after the capital Rossiyskogo Development Bank has been increased by 10 billion rubles by a contribution from the VEB.

“It’s practically free money. Due reduced rate, we will encourage banks to extend financing already at reduced rates. We are, in essence, taking the risk, do not lay it in the margin and we expect to reach a much lower interest rates (on loans) for the ultimate borrowers, “- said the head of VEB .

He also recalled that in August 2009 program was launched to support small and medium-sized businesses through the Bank’s subsidiaries. The volume of the program amounted to 30 billion rubles.

“On January 1, 2009 through Rossiyskogo Development Bank, regional banks had already allocated 25 billion rubles. And today we are starting to get reports of these banks on direct lending Small and medium enterprises “, – said the banker.

He reported that the average loan size, which is taken by the representatives of small and medium businesses, ranging from 20 to 50 million rubles. Lending rate, according to Vladimir Dmitriev at the exit from the Development Bank of 10,5%, while the average effective rate (to end-borrowers) about 15%.

Vladimir Dmitriev said that this system credit covers 78 subjects of the Federation and about 80 regional banks. The head of Bank’s president also said that the Development Bank with the International Finance Corporation (the structure of the World Bank) has developed a unique website that allows and regional banks and small and medium enterprise focus on issues of credit. In the month on this site is up to 200 thousand visits.

The official version is as follows: Bank of fighting for the transparency of the banking system, and street bureaux de change – a hotbed of fraud, is not amenable to control and supervision of the official authorities.

Indeed, the usual Russia currency exchange – is an independent business not associated with any bank. Home exchangers themselves set the rates and rules of exchange rates, and often still deceiving gullible citizens, according to the Interior Ministry on the basis of their operational information. For some reason, MUP has not yet taken advantage of its operational information to combat fraud committed exchangers, remains a mystery.

blamed for the closure of street bureaux de change banking lobby somehow not bring myself too. Exchangers banks are not competitors. While the currency exchange operations truly are the most in demand banking services in Russia, the volume of transactions is not the same, that 10-15 years ago. Citizens increasingly prefer to change money in the bank offices, and the demand for cash foreign exchange transactions each year is falling. But the growing popularity of foreign currency deposits.

defenders have little exchangers. Is that the Federal Antimonopoly Service of fears that their abolition will decrease the level of competition in the market for banking services, and encourages the Central Bank before the close exchangers, think of them a decent alternative.

From a consumer perspective, the only dignity of street bureaux de change in comparison with similar services of banks – is a flexible and more profitable rate. Therefore, the Central Bank has the sense not to think of literal replacement exchangers, and change the banking regulations so that banks were less likely to profit from consumers.

Exchangers – a sign of its time. Like other attributes of the 90’s. (remember the grandmothers, who traded cigarettes and a bow at the entrance to the subway, or flea markets, reborn in modern shopping centers), bureaux de change are destined to go into the past.

In January 2010, most major banks have reported a small tributary of the citizens. Y “VTB 24″ volume of deposits increased by 0.45% to 435.56 billion rubles., Said Chief Financial Officer Bank Mikhail Voloshin. According to a Uralsib, on January 30 means physical persons amounted to 87.2 billion rubles. (0.07%). There simply not the volume of physical persons, taking into account the contributions of demand deposits increased by 4% to 91.2 billion rubles., At MDM Bank excluding balances card accounts – 5% to 86.7 billion rubles.

balances physical persons for January have not changed, despite the long New Year holidays, when people tend to spend more, the answer reads the press service of Alfa Bank. In February, the bank expects continued growth. “Every week, the volume of deposits grown by several hundred million rubles,” – said a board member of the Bank of Moscow Andrey Lapko. However, the exact results of January and the Bank of Moscow “Alpha” refused to provide, as Rosbank and Gazprombank.

in reducing the volume of deposits honestly only Raiffeisenbank – by 2,7% to 138 billion rubles . This is a seasonal phenomenon, typical for January, assured his representative. January is traditionally gives the lowest rate of inflows into deposits, according to the press service of the Savings Bank, 2010 was no exception. Bank has not provided the figure, but one staff member said that in January was the outflow. This was heard and a top manager of another State Bank. In December, Sberbank attracted to the deposits record 232 billion rubles. “Then last January’s enrollment of pensions and salaries, which our customers have started to use actively”, – said in response to the press service of the Savings Bank. The December flows Sberbank was unnatural and that the money could be spent for clients, normally, deputy general director of Deposit Insurance Agency (DIA) Andrei Melnikov.

In the first working week in 2010 reduced the Savings Bank rates on ruble deposits for individuals by 1-2 percentage points, so that they sank to the level of August 2008 the best return for ruble deposits found at the level of 8,5%, while the average maximum rate for the top ten banks in the results of January much higher – 11.91%. However, the yield of deposits since then has fallen: only the first week of February ruble rate at large banks fell 0,4-3 PP

Some investors may interpret this as a signal of that keep money on deposit is unprofitable, according to Melnikov. According to him, DIA is ready to ensure that the volume of deposits in 2010 will grow at best at the same level as in 2009 (1.5 trillion rubles .).

BTA Bank agreed at the central bank a new name – AMT-bank and will shortly re-branding, which will spend about 11.5 million rubles. Unsubscribe from the old brand bank is forced to distance himself from the scandalous events related to the nationalization of the Kazakh BTA-Bank.

The fact that the Bank has agreed to rename BTA Bank AMT Bank, “Kommersant” said a source close to the BTA-Bank. After the change of control register of the Federal Tax Service, the Bank of Russia will give the bank a new license in March and April will begin rebranding confirmed in BTA bank.

According to the rankings Interfax news agency, BTA Bank up to 2009 took 44 th place in the capital (10.38 billion rubles.) and 75 th place on assets (41.87 billion rubles.). The largest packet belongs to the Kazakh BTA-Bank – 22,3%. Other participants – Delta Trading (19,77%), JSC “BTA Capital (19.59%), JSC” Rikas Finance (19.39%), Design and Construction Company “AMK-Invest ( 18,99%). Former co-owner of the Kazakh BTA-Bank Mukhtar Ablyazov chairman of the board to Russia “daughter”.

need rebranding last year, BTA Bank explained the desire to distance itself from the eponymous bank in Kazakhstan. In autumn 2008 the Kazakh BTA-Bank because of risky lending policies, faced with financial difficulties, was later nationalized public funds Samruk-Kyzyna. As a result of inspections in March 2009, Kazakhstan’s Prosecutor General’s Office instituted criminal proceedings against the former head of the bank Mukhtar Ablyazov and first deputy chairman of the Board Zhaksylyk Zharimbetova under misappropriation and embezzlement of another’s property, which could not affect the image of Russia’s “daughters.” Following the downgrade Kazakh banks last year to preddefoltnyh and ratings were downgraded Russia’s BTA Bank.

Rebranding primarily will help minimize the impact of non-financial risks associated with the events surrounding the Kazakh BTA, said the head of Advertising and Public Relations, BTA Bank Timur Dilmuhambetov. “The concept of rebranding does not include major changes in the color range, product names and pricing,” – he continues. Bank plans to spend on the renewal of 40 offices, as well as signage and promotional materials to 10 million rubles. And the development of new design brand cost about 1,5 million rubles. “Costs, which cost the bank re-branding is not very large, and in this case is very well founded,” – says senior vice president of the bank Uralsib Maxim Savitsky. For comparison, experts estimate that the cost of recently announced rebranding of MDM Bank will reach nearly $100 million

As a rule, re-branding is carried out when buying a western Russian banks, as in the case of UniCredit Bank ( former Moscow International Bank), Barclays Bank (formerly ExpoBank), Nordea Bank (formerly Orgresbank) or by joining smaller players with a tattered reputation in large, experts say. Another example – rename sanitized banks, such as the Russian Development Bank (now – bank “Opening”), EEFC ( “Peter”). According to market participants, the need for re-branding of BTA Bank is not obvious (see reference). “Apparently, the bank’s risk of maintaining binding to the former parent company is higher than the risk of being misunderstood as a result of rebranding some existing customers” – says Mr. Savitsky.

However, the bank confirmed that the employee will not be fired, and apologized for the situation, reports Reuters.

David Keeley (David Kiely) works in a bank Macquarie Private Wealth, Sydney. Vexatious incident occurred on Tuesday when he opened the e-mail with pictures of naked girls, unaware that behind him, a colleague gives a television interview about the state of the economy.

incident stirred the public on the Internet, and immediately became a hit on YouTube. Sympathetic users have created a campaign in support of negligent bankers.

Financial site “Here is the City News” created a page called “Save Dave”, which encouraged visitors to send letters to the bank asking them not to dismiss employee. The excuse cited arguments such as: he is a good man, the pictures were decent, he therefore had disgraced, and this world too politkorrekten.

Macquarie Bank is known in narrow circles, as ” millionaires club “because of the large bonuses that are paid employees.

basic plus changes in what is now a man, a resident and registered, for example, in Aramil may apply for a loan “Good-bye, a crisis!” in the office of the bank, located in Upper Pyshma or Ekaterinburg. “Expanding” the geographic residence of potential borrowers affected nearly all regions of the presence of units of the Bank.

Konstantin Bogatyrev, Head of Retail Products LLC CB “Ring of Urals”: “Such a move dictated by the regular customers’ addresses , present in the settlements located near the office. However, pre-existing rules, we were forced to refuse to potential customers. Now, similar restrictions in the geography of credit no ».

note that this is the second significant improvement in the conditions of the loan product” Good Bye, crisis! “For the current month. From February 1 KB “Ring of Urals increased the maximum loan of up to 500 thousand rubles, and the maximum credit period of up to 5 years.

more about the availability of credit is always possible to find a bank branch or free phone 8 (800) 500-50-11.

Once considered one of the fastest developing countries, Russia was on a par with Brazil, China and India due to the Bank Economist at Goldman Sachs, Jim O’Neill (Jim O’Neill), who first used the acronym BRIC for these countries.

Last year, Russia’s economy has shrunk by more than 8% against decrease in revenues from oil exports caused by the reduction in the cost of raw materials.

Recovery economy is not far off, but in the long term problems in Russia will remain the same, says Roubini.

«Last year there was an accident, the collapse of economic activity, a recession. Now we see the beginning of recovery, which is good “, – told the Economist in an interview with CNBC. “The main problem is the long-term future of the country”, – he added.

Russia’s GDP, which in 2008 amounted to $1.7 trillion. because of the crisis, fell to $1.2 trillion . Meanwhile, China’s economy grew last year by about 9%.

Critics explain the deteriorating economic situation of excessive dependence on oil and gas exports, and low industrial development, technology and infrastructure.

«I think that is the problem of political economy”, – says Rubin. “The situation will not change until at least until another crisis or a collapse in oil prices or a shift in power that will lead to a radical change in economic regime” – he adds.

But while oil prices remain at a high level of motivation to change is not expected in the “foreseeable future”, and the current government is not strong enough to initiate reforms, believes Nouriel Roubini.

«I I do not think they have the power to cause change in policy, which will go contrary to influential circles “- summed up the economist.

“In this country, this should never happen” – T. Geithner said in an interview with television channel ABC News in response to a question on whether the downgrading of U.S. real risk.

Recall that last week of that risk for America announced the agency Moody’s. T. Geithner defended the rankings, made a speech about its reliability.

Finance Minister recalled that global investors invest in U.S. securities and dollar-denominated assets when they question the stability of the global economy. Such actions, he said, show the inherent credibility of the United States and its ability to recover from recession.

The risk of a second outbreak of the crisis in the U.S. has declined, especially after the statistic data showed growth in U.S. gross domestic product by 5 7% in the fourth quarter of 2009, said T. Geithner.

“The risk is much, much lower than at any time in the last 12 months or so – said the minister. – The process of recovery” .

T. Geithner added that the tightening of financial regulation will not affect the competitiveness of U.S. banks in international markets.

“I am more than confident that we can achieve close cooperation to improve international standards in the world, to create equal competitive conditions for banks, “he said.

rating agency Moody’s warned earlier that the U.S. sovereign debt rating (” AAA “- the highest level of reliability) may come under pressure in the future if not taken additional measures to reduce the state budget deficit projected for the coming decade.

Moody’s is concerned that the ratio of public debt, the U.S. GDP and budget revenues have deteriorated sharply during the financial crisis and recession and, as expected by the agency, these indicators remain worse than in other countries rated “AAA”.

Recall that the U.S. president Barack Obama has sent to Congress a draft budget, which projected that the deficit results of fiscal year 2010 (ending September 30, 2010) will be a record $1.56 trillion. However, in 2011 fingodu planned to reduce the deficit to $1.27 trillion.

The U.S. Treasury Department will deploy this year, bonds and notes to a record $2.43 trillion, up 16% over last year ( also a record) in the $2.1 trillion.

In the past fiscal year, which ended Sept. 30, 2009, the U.S. budget deficit was $1.4 trillion (9.9% of GDP). In the current fiscal year, projected to be higher than 10% of GDP, which is unprecedented magnitude since the Second World War.

The administration previously had intended to cut the deficit to 3% of GDP in the coming years, but recent projections suggest that by the end of the decade the deficit will average 4.5% of GDP.

Thus, by reducing losses from investments and bad debts, the bank managed to increase net profit by more than 800 times, the agency reported Blomberg. The consensus forecast of analysts was 82.5 billion yen.

In the past quarter loss Sumitomo Mitsui investment in shares amounted to 5.8 billion yen, compared with 86.3 billion yen in October-December 2008. Unlike western finkompany Japanese banks buy shares of its corporate customers, which increases their vulnerability to swings in the stock market.

Sumitomo Mitsui has confirmed the forecast of net profit in the current financial year amounting to 220 billion yen, despite the fact that for 9 months fingoda profit exceeded 247 billion yen. Analysts expect the Bank’s net profit for the year will reach 230 billion yen.

Revenues Bank in April-December 2009 fell to 2.34 trillion yen from 2.83 trillion yen for the same period a year earlier.

According to analysts, Sumitomo Mitsui is restored after the crisis at a faster pace than its main rivals – Mitsubishi UFJ and Mizuho.

Sumitomo Mitsui shares on February 8, slid 1.2% because the statements were published after the close of the Tokyo Stock Exchange. Since the price of bank shares rose by 9% after falling 30% in 2009.