El notes

Sberbank displays the work with problem loans in a separate unit, reporting directly to the President-Chairman of the Bank Herman Gref. The bank thus expect to reduce the amount of arrears, which has a “significant impact on the economy of the bank”.

That Sberbank radically alter the organization of work with problem assets of the credit customers and yurlits established a specialized office, “Kommersant” reported its director Svetlana Sagaidak. Previously, she led the administration to work with small and medium business and the Savings Bank, before that worked as well as the Deposit Insurance Agency and the Agency for Restructuring Credit Organizations in the position of deputy director of asset management department. Sberbank’s new unit will work with the problems of credit particularly large and complex projects. Need to optimize with bad debts in Sberbank explained their “significant influence on the economy of the bank”.

volume of credits that can be transferred to the management of Sberbank did not disclose. According to a Russian bank accounts at June 1, the total amount of overdue loans has increased over the month by 4% to 143.2 billion rubles., And reached 2.6% of the loan portfolio. Growth delay in Sberbank falling – in February, it increased by 18,1% in March – by 14% in April – on 5,7%. At the same time decreasing and the pace of reserve for possible losses on loans. In April, for these purposes has been deducted 32 billion rubles., In May – 18 billion rubles., June 1, reserves amounted to 364.6 billion rubles. “The slowdown in growth delay and reserves attributable to the restructuring of loans, – the analyst considers” VTB Capital’s Michael helmet. According to a member of the board of Sberbank Anton Morozov, in the first quarter of the proportion of restructured loans is 5% under IFRS at the beginning of the year – 1,8%.

Earlier work with problem loans was administered Security Service Bank. Now the Bank formalized work with them and classifies them as “potentially problematic, problematic and hopeless.” “The Security Service, yurupravlenie and other entities will participate in the work with them to the extent of their competence, – said Svetlana Sagaidak .- It will be broadcast every problem bank loans.” Middle benchmark for credit transfer to the government will delay for at least 15 days.

“separate unit of work with problem assets is in the Russian” daughter “of foreign banks, where the structure is subject to a vice-chairman, focal risks, either directly to the chairman of the board, “- explained Deputy Chairman of Barclays Bank Eugene Retyunsky. Derivation of critical assets in a separate unit will help to improve the economic efficiency of delay, confident member of the board of Raiffeisenbank Andrey Stepanenko. “The Security Service can work effectively to recover the debt if the borrower’s bad faith, – said Mr. Stepanenko .- Now Sberbank accounts primarily engaged in debt restructuring, as it must first deal with economists.” According to bankers, are now “living money” is not extinguished more than 10% of all corporate debt, the rest are various options for restructuring and rollover.

Sberbank optimizes the work with the delay, fearing it increases by the end of the year , considered the experts. “Obviously, Sberbank expects growth delay on corporate autumn of this year – I am sure Michael helmets .- By this time, for example, suitable maturity of loans, which companies are actively taking the first and second quarter of last year”.