week ago, authorities decided to establish a postal bank-based Communication-bank. The new project partners, which will EBV and “Mail of Russia” in the future could become a competitor of Sberbank. It is now known as the State would have to lay out for it at first.
State, through the WEB can send 30 billion rubles for the establishment of postal banks based on the Relationship Bank, said general director of Federal State Unitary Enterprise “Mail of Russia” Alexander Kiselev, at a press conference on Thursday. According to him, is an assessment of the VEB, this amount will be required at the first phase of the postal bank. Kiselev said that it will be the means of the state budget, the funding will go to tench the bank, which is currently the owner of the Svyaz-Bank
VEB’s Supervisory Board on December 17 decided to establish on the basis of Communication Bank federal postal bank, which will work, based on the existing network of branches (42 thousand), “Post of Russia”.
“Mail of Russia” will go down in the charter capital of Communication-bank after be taken as a change in legislation allowing FSUE participate in the capital of banks, said Kiselev. He expects the process of change in legislation may take up to six months.
idea of banking infrastructure-based mail is not new. It periodically occurred in Russia over the past 15 years. Actively she began to be discussed after the end of 2007 the ex-president of the Savings Bank of Russia Andrey Kazmin headed “Mail of Russia”. He developed a program of modernization of the company until 2011, which, inter alia, the conversion of Federal State Unitary Enterprise in the state corporation and the creation of mail branched banking infrastructure. And, in particular, discussed the possibility of integration “Post of Russia” with the Communication-bank. The government even considered the possibility of providing “Mail of Russia” about 200 billion rubles for the modernization and development of postal infrastructure, including the creation of banking network. But then the plans were not fated to be realized.
In September 2008, “Communication-bank” has become one of the first victims of the crisis. After the readjustment procedure control over the bank turned to VEB for a symbolic price. Change of leaders and “Communication-bank”, and “Post of Russia” and its program of development, the Government has not been approved.
Now it seems it is time to realize a long-standing plans. And if they come true, the Postal Bank could become a serious competitor to Sberbank. Now, no credit institution in Russia has no branch network, comparable to the network “Sberbank”, in which there are nearly 20 thousand units. However, the Post of Russia 42 thousand branches.
However, according to the estimates of the bank, to raise such a Postal Bank, need a “round” (especially on the crisis standards) amount.
