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the first time since the beginning of the acute crisis, Russian banks have begun to receive income from its core business, which in March for the whole system was 35.1 billion rubles. But Earned Income was not able to cut losses from the revaluation of the currency, resulting in the final month of the first quarter of Russia’s banking system showed a loss 9.9 billion rubles.
The total income of banks from their main activity in March was 35.1 billion rubles., from the March bank statements issued by the Bank of Russia on the site. In calculating the “Kommersant”, data from the back of accounting statements (Form 101) 944 Russian banks as of April 1.
positive results from its core business – lending – banks have been the first time since the beginning of the financial crisis. Since October 2008 the total income of banks from lending has been negative. Last October, the loss amounted to 29,0 billion rubles. With the crisis of the total losses from the core banking activities only increased, and reached a peak of 150 billion rubles. in January. “It began with the fall of intensive growth of a delay in bank loans, where income from lending has stopped short on the formation of reserves for problem loans,” – explains the analyst of bank “KIT Finance” Maria Kalvarskaya. According to the Central Bank, only for the September volume of bad debts in the aggregate loan portfolio of banks tripled to 276.2 billion rubles. But at the beginning of 2009 he had already reached 422 billion rubles.
However, the negative result of currency revaluation, which is estimated “Kommersant”, on the whole banking system in March amounted to 56.0 billion rubles., blocked the revenue from main business of banks.
In March, the official exchange rate for U.S. currency increased by 4.8% – from 35.72 EUR. / up to $34.01 USD. / $. It helped even revaluation of securities portfolio, which in March amounted to 10.4 billion rubles. Thus, in contrast to a profit of January (66.7 billion rubles.) And February (497.1 million rubles.) This year in March, the Russian banking system received a cumulative loss of 9.9 billion rubles. The number of unprofitable banks in the system, compared with February, March, increased from 243 to 265 credit organizations, and the cumulative loss – from 27.6 billion to 39.5 billion rubles. Gains in March showed 679 banks (29.5 billion rubles.).
The bulk of the losses in the system provided the results of VTB and Gazprombank – 14.4 billion rubles. and 5.9 billion rubles. respectively. Thus if, on the basis of quarter Gazprombank did make a profit before tax (3.2 billion rubles.), The VTB 24 has demonstrated a loss of 239.2 million rubles. In the VTB 24 yesterday explained that such results were expected due to increasing reserves for problem loans, but the bank aims to end 2009 with a profit. ” Among the most unprofitable banks in March, also includes the International Industrial Bank (pretax loss of 2.1 billion rubles.) Citibank (1.5 billion rubles.) Saniruemy now bank VEFK-Siberia “(1.1 billion rubles.) Sberbank (871.6 million rubles.) and VTB 24 (845 mln.). Earlier indicated that income from core activities of the Savings Bank in March (2,3 billion rubles.) Had eaten a loss from revaluation of foreign currency (2.8 billion rubles.) (See “Kommersant” from April 23). At Citibank and Gazprombank yesterday not to answer the query “Kommersant.”
In the first quarter of Russia’s banking system is a profit 57.5 billion rubles. However, experts note that even if this year’s Bank of Russia did not resume its devaluation of the Russian currency, the best results would be “balance at zero.” “In the absence of the devaluation of currency revaluation would not have so much influence on the overall result, and the banks themselves will try to reduce the foreign exchange position – said Maria Kalvarskaya .- But virtually all the profits will go to reserves for problem loans.” Senior Economist, Alfa-Bank’s Natalya Orlova and senior analyst URALSIB Leonid Slipchenko expect total losses in the system.
At the meeting on 28 April, shareholders of JSC “BTA Bank” decided to rename the agency the “AMT-Bank that are no longer associated with Kazakh BTA Bank nationalized. “The share of Kazakh BTA Bank in Ukraine was only 9.9%. He declared defaulted and that pulls in a Ukrainian bank down, although audit the National Bank we have the liquidity, all in order. There Kazakh political problems, but they should not affect the Ukrainian investors “, – told Kommersant member набсовета BTA Bank Rysbek Toktomushev. The significance of the brand, he was unable to explain: “I do not know. The shareholders took a decision. It is possible that this is nothing.” Back in March, Kazakh bank owned 49.9883% of Ukrainian BTA Bank, but after the announcement void unpaid sales shares of the bank, its share back to 9,9975%.
decision to brand the Ukrainian Bank adopted a few days after a similar change in the AMT Bank BTA Bank Russia, the share of Kazakh investors which is only 22%. About this newspaper Kommersant (Russia), chairman of the Board of Directors of BTA Bank Mukhtar Ablyazov, formerly controlled by Kazakh bank, which is, according to the agency KazTAG, wanted. The Government of Kazakhstan in February agreed to the nationalization of BTA Bank (the external debt of $13 billion) – 78.14% of the shares bought gosfond “Samruk-Kazyna. In March, the Prosecutor General’s Office instituted criminal proceedings in Kazakhstan against Mukhtar Аблязова, accusing him of embezzlement and misappropriation of someone else’s property. In April, BTA Bank refused to pay the external debts, announced they defaulted.
next rebranding will cost BTA Bank, certain market participants. “This event is not cheap and will require significant investment. If the budget of the bank bears this burden, the cost may be justified – trigger factor for human curiosity. The rebranding is accompanied by a massive long-term advertising campaign that provides the visibility and market position”, – said the chairman Board of VAB Bank Peter Baron. BTA Bank will not disclose the total cost of rebranding, conducted in 2007, but noted that the development strategy and the concept of brand has spent $300 thousand
According to the Director General of Platinum Bank Krasnova Gregory, the current conditions, the cost of rebranding can make several million hryvnia, while last year it was the tens of millions of dollars. “Their association with the largest bank holding company was a positive step for consumers, but ultimately they are interested in liquidity and stability of institutions”, – he stressed. It should be noted that the change of brand, especially for an unknown acronym in the context of the crisis could lead to a loss of confidence of customers. “Probably BTA Bank conducted a study and found that the old name has a negative image. Clients need to smoothly accustom to the new brand,” – said Deputy Chairman of Raiffeisen Bank Aval “Victor Gorbachev.
As it turned out, those of state can not confine. In II and IV quarter of this year, Sberbank may get from the Central Bank subordinated loans totaling 500 billion rubles. This is stated in the project’s socio-economic development until 2012, developed by the Ministry of Economic Development (copy available to «Vedomosti»). A member of one of the ministries of the economic bloc said that the document being finalized. In government, he would be introduced before 22 May. But the rule section associated with gospomoschyu banking system is not planned.
In the IV quarter of 2008, Sberbank has already received from the Central Bank 500 billion rubles. subordinated loan.
Representatives of the Central Bank and the Savings Bank refused to comment on the document. However, a source close to the leadership of the Savings Bank, says that the bank will try to do without attracting the state – both through the additional issue, and through subordinated loans.
While the level of capital adequacy (19, 6% as of March 31, 2009) Sberbank really does not need to be of state, said analyst «Troika Dialog» Olga Veselova. However, not all the funds from the subordinated loans the bank can use to increase capital adequacy. But in this case, the bank may take into account the money in their liabilities.
Perhaps Sberbank still need to take advantage of additional issue, and the Central Bank loan, says analyst «Uralsib» Leonid Slipchenko. This will happen if the delay on loans will rise from the current 2.36% to about 6-7%. The Bank will then create a profit reserves in the amount of 10-11% of the loan portfolio (currently 5.4 trillion rubles.). If profits are not enough, there is a threat to reduce the capital and will have to conduct additional issue, summarizes the expert.
If
in February, it increased by 22%, in the past month – a total of 11%, according to data «Navigator banking sector», prepared by the bank «Trust» (based on an analysis of 101-th form of the reporting banks). After the beginning of the crisis, arrears grew by an average of 23.5% per month.
But bankers attribute this not so much improvement in the payments, but rather the desire of banks to maintain the normal rates. After all, admission to one of the few sources of funding – bezzalogovym auctions CB – depends directly on the bank’s performance reminds predpravleniya Morbanka Igor Dergunov. And in the end I quarter banks were less profitable than in the previous quarter, due to the devaluation, and now can not afford the previous level of reserves and an equally high increase in the delay, he explains. Quarterly figures are especially important, so in March, banks are more willing to go to a technical restructuring of loans, said the head of Russia’s «daughter» of large foreign bank. In the early years, bankers have not yet been spent restructuring mechanism and to the customers were tougher, he acknowledges: «But now this approach a more expensive».
Banks today actually calmer agree on restructuring, agrees Dergunov. Large banks are already on the basis of 2008 restructured the tenth part of their portfolio, this ratio is higher, said analyst rating agency Moody’s Eugene Tarzimanov. The estimated member of Barclays Bank Yevgenia Retyunskogo, banks have forced renewed approximately 30-50% of loans to companies and the process continues.
Alfa-Bank has recognized that half of outstanding loans from the beginning of the crisis (it $3.5 billion) a refinancing of old. In March, according to his report, the delay has increased by 6%, and in January and February has been a growth of 32% and 27% respectively. VTB restructured on the basis of I quarter 15% of the portfolio, but his delay in March rose by 25%. The representative of the bank declined to comment.
Delay on short loans have already shown, the long-term – not yet, warns analyst «Renaissance Capital» Andrei Markov. «The current decline is similar to the calm before the storm – bad debts have not happened», – summed up one of the bankers.
Meanwhile, a member of NBS Anatoly Aksakov sure that this is not the best time to «distract CB new inspections».
As it became known RBC daily, the JV after completing the validation financial and economic activities of the Bank of Russia for 2006-2008 years in the management of international reserves may apply to the NBS with a proposal for a new inspection. At this time, the JV is going to check the activities of the Central Bank for supervision of the activities of banks. As explained yesterday, RBC daily source close to the JV in terms of activities such verification has not: this topic is discussed only at the level of ideas. However, as explained RBC daily close to the SP analyst if the inspection takes place, it will affect almost all the issues one way or another connected with the activities of the Banking Supervision Committee (KBN) CB: order revoking the license of the bank, that the activities of regulatory documents. «If necessary, within the framework of this investigation, the Chamber and go to individual banks and banking groups, – explained RBC daily analyst close to the JV. – Previously, this type of inspection in the Central Bank of the Accounting Chamber shall be held and the issues in this part of accumulated quite a lot ».
Recall that in autumn 2006, a similar audit of the Central Bank held the Attorney General’s Office and audit agency, Yuri Chaika has made several representations of control: in particular, the Prosecutor General’s Office drew the attention of the Bank of Russia Chairman Sergei Ignatiev on the need to clarify the status of KBN and body, which has the right to approve of it.
As explained RBC daily NBS member, Director of Financial Policy Ministry of Finance Alexei Savatyugin, yet by the Accounting Chamber have been no appeals to the NBS for new inspections in the Central Bank. According to the law for the verification of the Accounts Chamber of the Bank of Russia must obtain the approval of the NBS and the State Duma.
According to the financial sector IR «Aton» Svetlana Kowalska, in times of crisis in the Central Bank appears more the capacity to act selectively on a range of banks, which in principle are equally difficult financial position. «That is one credit institution license is revoked, and the other – no, although the financial situation is the same – looks Svetlana Kovalskaya. – Probably, this situation is a concern by the Chamber and, therefore, now Office of Sergei Stepashin wants to verify this is what line of action of CB ».
As RBC daily member of NBS, State Duma deputy Anatoly Aksakov, Accounting Chamber shall control the order of public spending, notably the budget, rather than verifying the supervisory unit Bank of Russia. «Moreover, the verification of the supervisory activities of CB-ty, by other departments, governments, revealed no significant violations of this section, – stressed Mr. Aksakov. – Because of the crisis from the Bank of Russia, and so much work, so distract his new inspections impractical ».
About IFC intention to allocate up to $1 billion to recapitalize the Russian regional bank, said yesterday the President of the Association of regional banks Anatoly Aksakov after a meeting in Washington with the leadership of the corporation. According to him, after the May celebrations in Moscow will be held another meeting with the IFC, to which the Association will prepare a list of bank applications for dokapitalizatsiyu. But he noted that the IFC expects to support the Russian banking sector in terms soinvestirovaniya with the state.
IFC – one of the organizations, the World Bank Group, which provides investment and advisory activities, declares the aim of supporting the economies of developing countries-members of the corporation. The Russian banking sector, IFC is involved in the capital of MDM-Bank (5%) “Absolut Bank” (5%), Loko Bank (15%), Primsotsbanka (12.5%), Rostpromstroybanka (20% minus 1 share), Asia Pacific Bank (10%). In early March, IFC announced the acquisition of up to 20% of the voting shares of the Rostov bank “Southern Region”.
Development Institute from the beginning of the crisis have been careful in assessing the prospects of Russian market and about new investments and the speech did not call. On the uncertainty of their position in relation to dokapitalizatsii banks since the beginning of 2009 has repeatedly pointed out and the CB.
Meanwhile, regional banks are in dire need of dokapitalizatsii, and not only because of the crisis. By 1 January 2010 need to increase the minimum capital to 90 million rubles. But to on 1 January 2012 – up to 180 million rubles. Now these requirements, it is estimated the Central Bank did not comply with the order of 300 players, or roughly a quarter of Russian banks. Given the lack of opportunities for dokapitalizatsii from the main part of the owners, most of them are likely to have to withdraw from the market.
itself IFC yesterday refused to speak more specifically about their plans. Quantitative criteria for the selection of banks for investment corporation does not disclose. Among the qualitative characteristics – good corporate governance, transparency of ownership structure, the stability of market share, the prospects for further development, the availability of reporting under IFRS, explained “Kommersant” press secretary IFC Неждана Bukov.
“The intention to participate in IFC dokapitalizatsii Russian regional banks are welcome, but the results of its implementation for the Russian banking sector as a whole would be understood on the basis of specific projects, – the director of department of licensing activities and the financial recovery of credit organizations, the Bank of Russia Mikhail Sukhov .- Theoretically $1 billion more than enough to dokapitalizatsiyu all banks to the minimum necessary level, as defined by law. In practice, the funding will be only the banks, rather stringent criteria of the relevant IFC .
interviewed “Kommersant”, experts are far more categorical. “It is clear that the IFC would invest in a stable, developing banks are holding good positions in the market, – said CEA Director of” Interfax “Michael Matovnikov .- It is the banks that do not have problems with the capital requirements of any CB in 2010, nor in 2012, so to speak of the smallest banks, even the 300 has no meaning. ” Most likely, IFC will buy large blocks (about 20-25%), continues to lord Matovnikov, assessing the potential scale of investment in the $20-50 million in capital one bank. “Thus, the dokapitalizatsiyu from IFC will be able to count the players with a capital of $100-250 million, and these regional banks to no more than 13″. Therefore, IFC will invest capital in banks with an extensive regional network, summarizes the expert.
Stock markets
United States and Asia are growing at a good reporting, as well as data on the growth of industrial production in Japan. Oil jumped to 4.1 million barrels last week of April and amounted to 374.6 million barrels. This is the highest level since September 1990, the Department of Energy reported yesterday.
«News on the growth of stock markets and falling dollar managed growth or a decline in fuel prices» – notes analyst Commodity Warrants Australia Ltd. in Sydney.
Oil Prices with delivery in June rose by 49 cents, or 1%, to $51.44 a barrel on the NYMEX. Yesterday, the cost of oil added $1.05, to 50.97 a barrel. Since the beginning of the year as a whole, prices added 15%.
Japan Industrial production in February increased by 1.6%. This is the first time in six months. Growth has exceeded forecasts of two economists. The news pushed up Asian companies quotes.
Index MSCI Asia Pacific Index added 3.4% to 91.11. In April, the index gained 13%. All the Asian markets today opened on a positive territory.
dollar rate fell to 0.9% and reached $1.3271 against the euro yesterday, reports Bloomberg.
Price the June futures contract for Brent crude oil marks on the London ICE Futures exchange rose 42 cents, or 0.8%, to $51.20 a barrel.
Demand for obnalichku due to the crisis grew, but deal with it have become more active, and non-standard methods.
checker offers Internet services for illegal withdrawal of money in the cache. In any search engine to type the word “obnalichka” and you will be given a few dozen links to companies that specialize in otmyvochnom business. Cache laundry involved in spam-mailing, and not afraid to state, even mobile phones of their representatives.
Those who risk, the result can not launder money and gain time, he said in an interview with Business FM Director of the Moscow office of the company Teks consulting Yu Kay Edward Savulyak: “This business completely illegitimate. Naturally declare it from the Internet or through newspaper” Hand in Hand “is hardly possible. The one who really specializes in this, as a rule, Internet services does not need. Under these advertisements may flee the law enforcement agencies. communicate, communicate, communicate, respectively, you sent the money, and from that moment you already UBEP comes and starts to shake this processing, what you have sent there, on what basis, and all others. They know something that you did illegitimate. All the evidence they have “.
According to experts, bait fish used by police is not the first year. However, in current times of crisis such practices operatives have been applied particularly active. Obnalichka is always a move away from taxes, but the Government now faces the problem of filling goskazny, said a leading lawyer legal agency Irsan Maxim Yakovlev: “I heard from a number of MUP, such activities are beginning to be more and more often. It is now more attention to enforcement Ministry of Internal Affairs on the order of leadership is being given to these points in the struggle not just with the firms odnodnevkami, which previously held the police and tax authorities, namely the control of cash money. I understand that the exacerbation of this struggle relates to the upcoming budget deficit already existing, so this is obvious. Against the background of insufficient funds in the state is becoming more relevant “.
As a potential customer, we call on one of the web and phone. A young man, who introduced Alex, has long urged that any relation to the law enforcement structures it is not. However, in his argument to slip zapravskogo expression operatives: “I have never met and never heard of this, although there are structures that are involved in tracking such information in the Internet and is developing, operating some steps to take to these persons. In practice, this None. This business has a “roof” and has a tie, again in all these law enforcement. ” To finally overcome our doubts, Alex proposed to “punch it through a police database”.
And meet in the office of his company, he refused.
“Employees of the Department of Economic Security and Investigations Committee, with the Ministry of Internal Affairs Russia stopped the activities of inter-regional organized crime groups. The Unit is headed by the leaders of the Commercial Bank” Express Loan “- said the agency interlocutor.
In his words , “over a long period of time, they are fictitious grounds foreign banks transfer money to accounts of foreign companies, then cashed the money. Thus, the line had been withdrawn for more than seven billion rubles. “MVD representative added that the conspiracy crackers rented apartment in Moscow and on the internet to monitor activities of fictitious companies, including those registered in Cyprus.
“There have been searches in the bank” Quick Credit “in Moscow, as well as in its branch in Tula, – said a police officer. – Have been discovered and seized financial records, more than 100 front organizations, 60 stamps of Russian and foreign companies, more than 200 scanned seal controlled entities involved in illegal schemes “.
instituted criminal proceedings on grounds of of a crime under article 172 of the Criminal Code / illegal banking activities “. now operative-investigative actions aimed at establishing and arrest the remaining members of an organized criminal group.
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