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According to First Deputy Chairman of the Central Bank Alexey Ulyukaeva, issuance to cover the federal budget deficit in 2009 could reach 2.7 trillion rubles. but it would not affect the inflation rate, since the Central Bank will reduce this amount to refinance the banks. Yesterday at the meeting of the committee RUIE on banks and banking activities Alexey Ulyukaev said that the amount of money to cover shortfalls in the federal budget in 2009 could reach 2.7 trillion rubles., RIA News. However, it is estimated by Mr. Ulyukaeva, it will not affect inflation, as the Central Bank in the same amount reduces the refinancing of the banking system. In doing so, Mr. Ulyukaev added that does not overstate the importance of the refinancing of banks by the Central Bank, as their share of liabilities of the refinancing does not exceed 20%.

As explained RBC daily the first executive vice president of RSPP, Alexander Murychev, bankers involved in the committee, calmly accepted the statement of Alexei Ulyukaeva: everyone understands that bezzalogovye auctions are a temporary tool, and sooner or later must end. «In this connection, we appealed to the Central Bank with a proposal to increase from three to six years’ term of the subordinated loans to banks, – said Alexander Murychev. – In addition, bankers have proposed to substantially reduce the size of their contribution to the capital of the bank in the event that the State is willing to participate in the capitalization of the bank ». Remember, the government is ready to capitalize the banks on the basis of «15 15»: if the shareholders of the Bank increased its capital by 15%, so, for its part, adds the state. «Many of the owners of banks do not have funds for the capitalization of the bank, even in these volumes, therefore, been requested to reduce their share to almost to zero, – explained Mr. Murychev. – I believe that it is possible to limit the participation of shareholders of five percent – less than wise, as to drastically reduce their liability to clients and CB ».

yesterday Alexey Ulyukaev told reporters that the Bank of Russia has no plans to issue bezzalogovye loans in excess of 1.9 trillion rubles. but at the same time will increase the proportion of banks’ refinancing of mortgage loans, transfer agency Prime TASS. In addition, Mr. Ulyukaev not exclude that a number of banks may be a negative equity, which the Central Bank needs to develop measures to support them. In particular, according to Alexei Ulyukaeva, it can be done through the equation of capital first and second tier banks and increasing the provision of subordinated loans: There is no regulatory prohibitions. However, according to Mr. Ulyukaeva, the Central Bank has not yet adopted any specific measures to address this problem – until all are at the level of discourse.

RUIE Commission Co-Chair of banks and banking activities, the president of the Association of Russian Banks Garegin Tosunyan called the reduction of capital of banks, including up to a negative value, as a result of deterioration in the quality of assets – a system problem. «In my opinion, the creation of« bad bank »in the form of problem assets of the fund is one of the proposals that deserve attention – explained Garegin Tosunyan. – But it does not mean that the Fund will assume all of the bad bank assets. It should be understood, in which case the assets have problems due to objective reasons, and where – because of a lack of talent management ». In addition, the Government could well go on providing incentives for banks to profit tax, if it aims to increase the capital of the bank, added Mr. Tosunyan. «Finally, it is necessary to lower the standards of redundancy, as must now set aside all the bad assets, and accordingly, this amount is reduced capital banks», – believes Garegin Tosunyan. In addition, yesterday the Central Bank allowed the banks not to create reserves for loans provided by the Agency for Deposit Insurance.

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