El notes

Supervisory Board of the Savings Bank on Friday approved the resignation of deputy president Ilkka Salonen. “Council decided to support his request for dismissal,” – told reporters a member of the Supervisory Board Alexei Ulyukayev after the meeting. Sources of Kommersant noted that Mr. Salonen continue in the Savings Bank until the end of December. Concerning the future place of work Ilkka Salonen said that “while it has no plans” (quoted by the agency “RIA Novosti”). Mobile phone yesterday, Mr. Salonen is not answered. According to a source of Kommersant with the Savings Bank, immediately after the meeting of the Supervisory Board, Mr. Salonen went to Belarus to close its acquisition of BPS.

Ilkka Salonen has 30 years experience in the banking sector. He was born in 1955 in Helsinki. In 1979-1981 he worked at the Bank of Finland. In Russia, Mr. Salonen is working since 1985, when he headed the Moscow office of the Finnish bank Kansallis-Osaka-Pankko. In 1997-1998, oversaw the business MeritaNordbanken (now – Nordea) in the Baltic region and CIS. In 1998, came to the International Moscow Bank (now Yunikreditbank), worked there for 11 years, of which the last eight was led by the bank. In 2007, Mr. Salonen became president of the management company Renaissance – asset management. And in May 2008 was invited to the team, Herman Gref in Sberbank, where he headed the international unit. The functions of Mr. Salonen included the structuring of international transactions, management of subsidiaries and exit strategies into new markets, including acquiring banks outside of Russia. He also oversaw the corporate unit.

“The whole market knows about the professional quality Ilkka Salonen, – told Kommersant deputy chairman of Sberbank Bella Zlatkis .- For eighteen months he has done a lot as head of the international block and continues to work in active mode. He was engaged in the formation of the international unit and the exit of the Savings Bank has contributed to international markets. ” “Ilkka Salonen – a banker of high class. Sberbank he was able to carry out effective work of the international unit,” – said partner agencies Top Contact Arthur Shamilov.

Last year Sberbank has assessed the two major foreign assets – Kazakh and Belarusian banks. The huge debt burden on BTA Bank, negative equity, multibillion-dollar losses on loan portfolio impede the acquisition of Sberbank Kazakh asset. “The work is likely, there was enormous amount of: from market analysis, its potential risks, ending with the assessment of the financial condition of the bank”, – analyst “VTB-Capital” Dmitry Dmitriev. Negotiations on the purchase of BPS successfully concluded in October.

In general, because of the crisis, access to international markets, which are answered Mr. Salonen has lost relevance for the Savings Bank, experts say. “This is not the fault of Mr. Salonen, – says Mr. Dmitriev – just at the Savings Bank discovered many problems in Russia’s market, with Russia’s assets”.

question of who will occupy the position of Ilkka Salonen not yet been discussed, told Kommersant Bella Zlatkis.

As analysts believe the bank Goldman Sachs, chief antihero can become a financial giant HSBC. His potential loss of Arab investments are estimated at U.S. $611 million addition to HSBC, with the eastern property played the Standard Chartered Bank, Barclays Bank and RBS. Nearly State Royal Bank of Scotland, according to JPMorgan, the biggest underwriter of the obligations of Dubai World, and the loss of Standard Chartered analysts Goldman Sachs valued at 117 million dollars representative of Standard Chartered Ian Theis said the bank is fully aware of all risks and will make a statement in the case of any news. In RBS declined to comment.

Government of Gordon Brown’s monitoring the situation, said an official representative of the British cabinet Vicki Sheriff. “Application of the deferred payments actually caused uncertainty in world markets, but British banks have enough capital and passed rigorous stress tests” – Bloomberg quotes her words. Arab victims of the company is also actively in contact with Dubai World. Director-General of the third volume lender in the UAE Abu Dhabi Commercial Ala’a Erayya said he is negotiating several times a day and has already received assurances from the problem of investment company.

But analysts urged not to fall panic. “The negative impact on the British banking system will be limited, because the banks were struggling with much more serious problems in the domestic market and is now operational. I think that the loss of Dubai’s investment will be acceptable “, – said RBC economist of the London daily National Bank of Australia David Tinsley. According to the analyst IHS Global Insight, Brian Bethune, Dubai problems directly affect only the European and Arab banks, but American institutions. “Chances are good that the aid will come to an insolvent emirate’s neighbors – Abu Dhabi or Qatar”, – told RBC daily expert. Abu Dhabi, UAE oil center, has its own fund volume of 630 billion dollars, so that the probability of using very high.

According to RBS, in 2007 Dubai World won syndications at 13, $5 billion and total liabilities of the issuer is 59 billion dollars last week it became known that his daughter did not pay off bonds in December, 3.6 billion dollars then Standard & Poor’s and Moody ‘ s immediately lowered the rating of the Arab investment company, not excluding the possibility of default. World stock exchanges reacted to a significant drop due to fears of investors that the debts of the emirate will be added to 1.72 trillion dollars of total losses from the global financial crisis.

As the president of RBC daily “Romir” Andrew Milekhin, the peak of the negative attitudes of Russians took place in the beginning of spring this year. “But then, apparently, citizens have noticed that there was nothing particularly wrong with the country does not happen, so by the end of autumn the number of pessimists has fallen by half”, – said Andrey Milekhin.

It has grown and Russian citizens’ confidence in banks – by 27%. These data confirm and another study “Romira” about finances and savings, according to which now 30% of Russians would prefer to keep their spare money on deposit in banks.

was added at the citizens and the confidence in the stability of stock markets: the beginning of the year confident the number has increased by 15%. Probably largely due to the positive dynamics of the stock market: the RTS index for the ten months rose by 116%.

«also increased significantly and the faith of citizens in the Government’s readiness to cope with a crisis situation”, — said Andrew Milekhin. According to him, positivity was added almost 30%.

government, by contrast, is less optimistic in their forecasts: Deputy Prime Minister Alexei Kudrin just warned against excessive optimism, saying that the second wave crisis is quite likely. “The crisis will continue for another year or two, and the bubbles, which provoked a crisis, yet grows old, but blown off”, – thinks the head of the Ministry of Finance.

In his view, the consequences of the second wave will less disastrous. But it could explode it and Russia, because the country has still not been able to reduce dependence on energy.

Bidding began weakening of the dollar to the ruble. The dollar fell to 29.1300 rubles, decreased by 52.12 kopecks. on news of bank rescues UAE.

euro exchange rate at 10:06 IST dropped to 43.6437 rubles., the euro fell by 48.84 kopecks.

currency basket at 10:15 IST was trading at 35.6205 to the loss of 25.25 from the close of last week.

“Russia is ripe for a more efficient banking system, rather than one that works now”, – said A. Kostin told the magazine Itogi. “We need to develop a retail network, to work actively with the public, as we significantly lag behind even Eastern Europe. It is necessary to apply new information technology to create highly intellectual products, increase the capitalization of the banking system. Not all in a hurry to move in this direction, and administrative measures of banking supervision — One possible tool to influence the banks, “- he said.

Speaking about the current situation in Russia’s banking system, A. Kostin said that the crisis” should not engage in experiments, but “the situation has stabilized” . “The phase of the crisis, in my opinion, not the best time for radical reforms. There was great risk to sow panic among the population. It would not have spent a lot of government and Central Bank to rescue troubled banks, which could collapse in the early months of the crisis, these measures were justified. If unable to pay rising among investors voltage wave, the losses would have been much worse “- he explained.

According to A. Kostin,” the end of September this year showed that the degree of stress significantly decreased, the situation significantly stabilized “.

” impression on us a powerful hurricane swept through. Some trees are broken, some buildings damaged, but the main thing – we are alive. Now it is necessary to patch the holes, put things in order. the worst is over, but the until correcting the situation is still far. The legacy of financial disaster were “bad” debts, bad loans, with which to deal in the near future “, – said chairman of VTB.

I decade of November – 13,95%

II decade of November – 13,76%

III decade of November – 13,66%

¹ SBERBANK RUSSIA (1481) – www.sbrf.ru, VTB 24 (1623) – www.vtb-24.ru, Bank of Moscow (2748) – www.bm. ru, Raiffeisenbank (3292) – www.raiffeisen.ru, Gazprombank (354) – www.gazprombank.ru, Rosbank (2272) – www.rosbank.ru, ALPHA BANK (1326) – www.alfabank.ru, URALSIB ( 2275) – www.bankuralsib.ru, MDM Bank (323) – www.mdm.ru (www.mdmbank.ru), PROMSVYAZBANK (3251) – www.psbank.ru.

The monitoring was conducted by the Department of Banking Regulation and Supervision of the Bank of Russia using the information provided on these Web-sites.

On Wednesday, the government of Dubai announced that the creditors will ask its leading companies – holding company Dubai World and developer Nakheel – to defer the payment of debts, including billions of dollars.

bank shares that recovered in the last six months thanks to hopes that the global financial crisis is over, fell to lows not seen in May, as investors fear a default in Dubai and find refuge in safer assets such as government bonds.

fall led by HSBC, Standard Chartered, Barclays, Deutsche Bank and Royal Bank of Scotland, lost more than 4 percent each.

Shares of construction companies and firms, partly owned by Middle East investors also suffered.

Dubai on Thursday tried to restore confidence, stating that a subsidiary of Dubai World – a lucrative port operator DP World – will not participate in debt restructuring.

“This could be a step aimed at the separation of solvent from a less creditworthy company in an attempt to divert the blow from the less-risk businesses – said John Sfakianakis of Saudi Fransi. – This does not reassure markets completely, but it may signal the start of the restructuring process “.

The debt of state Dubai World at $59 billion, said its subsidiary, Nakheel in August. This is a huge part of Dubai’s total debt amounts to $80 billion.

Specialists banks and IT-companies took part in the Bankir.Ru online conference on Internet banking. The discussion, including the issue of USB-tokens as a universal means of data protection.

Alexey Lukatsky, business development manager at Cisco Systems, asks a rhetorical question: why clients do not use means to combat malicious code, do not update the computers and do not use scanners, security, why careless to store encryption keys and digital signature? “It does not matter where these keys are stored – in the computer memory, hard disk or USB-token. Modern malicious code is able to “steal” identifying information from anywhere, unless, of course, the customer does not care about protecting your computer. And then he and the USB does not need, which, incidentally, strongly affects the usability internet banking. For example, I often translate the money to the card not in your laptop, and a smartphone. And he has no USB-slots, in which I could insert the token ».

Redyanov Denis, Head of Information Technology Investtorgbank, believes that the emergence of USB-tokens can not solve, and simplifies the problem of security of internet banking. “In my opinion, this problem was largely due to gross violations of technology use of keys of electronic signatures and encryption by the clients themselves. Only in the case of complete disorder and irresponsibility of the staff client can steal the keys for the internet banking system, a simple example: why the management company keeps the seal in a safe, and the keys to Internet banking “lying” to the public media? Moreover, the use of USB-token is also not a panacea: the physical theft of media and simplest Peeping for a password on it will lead to the theft of client ».

Ivan Zakharov, head of the portal UmnyeDengi.ru, sure that the best use of a combination of several means of information protection. “At the present time developed various software and hardware protection of data both on the client side and on the side of the bank. Each bank for himself chooses the optimal set, which, in his view, allows to reach the required level of protection. USB-token, no doubt, very useful for security, but only use it, unfortunately, does not solve the complex protection ».

Only 13% of respondents in a survey conducted Bankir.Ru, confirmed that their bank is fully disabled access to the Internet. But access is limited to non-core sites, 70%, while unrestricted access using only less than 30% of the lucky ones.

With regard to the division into categories, then the ban on the use of the Internet solely for the rank and file notes 54% of respondents, for all – only 27%.

Only 11% who participated in the survey, explain the restrictions on access to the network tyranny of superiors. Most believe that it is dictated by security considerations and labor discipline.

bank employees from “harmful” Internet filters cut off more than 80% of cases. The remaining fairly simple instructions or manuals, or repressive measures to integrate traffic and log analysis.

most useless on the work of survey participants consider dating services, porn sites, social networks and forums. On the contrary, to be useful in the work sites on the right are professional financial sites, highly specialized resources, sites, business publications and news portals.

The fact that the chairman of the bank Uralsib Andrew Don will leave this post, Kommersant was told by sources close to the bank. In the corporation confirmed this information: “Andrew Don will head the board of FC Uralsib, while being a member of the Supervisory Board Uralsib Bank and chairman of the key companies corporations, including investment banks, leasing companies, the management company and other companies in the of the corporation. According to the FC Uralsib, to the post of chairman of the bank Uralsib presented Ildar Muslimov, now occupies the post of deputy president of the bank. Relevant documents for approval of his candidacy will soon be submitted to the Bank of Russia.

FC Uralsib – a diversified financial structure, to the bank, investment and private banking business, as well as leasing and management assets. Over 90% of FC Uralsib controlled by Nikolai Tsvetkov. Companies in the FC, own in the aggregate 95.9% stake in the bank Uralsib, 1,6% of the pot belongs to Deutsche Bank, 1,6% – Morgan Stanley and 0,8% – shares in free circulation in RTS. In a rating of “Money” bank took 11 th in terms of equity capital (49.7 billion rubles.) And 13th in net assets (382.5 billion rubles.). The loss of the bank’s half year results under IFRS 0.9 billion rubles., By RAS on November 1 – 6.1 billion rubles.

Personnel changes in Uralsib explain the need to improve the structure of the holding and develop a new strategy. “FC” Uralsib will centrally manage the portfolio of assets a corporation, finance and risk management, to shape corporate strategy, development and strengthening of corporate culture, management of a single corporate brand “, – reported the press service of the corporation. Since its inception in 2007, FC Uralsib that legally incorporates all of the holding company, had no centralized management functions of other assets, each managed separately.

Andrew Don led FC Uralsib ” в марте 2007 года, после того как главный акционер и создатель “Уралсиба” Николай Цветков отошел от оперативного управления корпорацией. Since the founding of FC Uralsib Nikolai Tsvetkov combined the president of FC and chairman of the bank. Then the separation of ownership and operational leader, Mr. Tsvetkov explained “the growing scale of business and bringing the current standards of corporate activities in line with international standards of operational management.” Simultaneously Uralsib to seek a strategic foreign investor or exit for an IPO. However, those plans were never realized, not least of which is due to the fact that potential investors were dissatisfied with the complexity of corporate structure, according to sources of Kommersant, close to the bank.

The existing structure Management Uralsib experts consider ineffective. “When a holding company composed of large structures, a manager is simply not able to effectively manage the entire business – the chairman of the Board of Nordea Bank Igor Bulantsev .- separation should work to develop risk management strategies and corporate and operational management of the bank.” The experts’ conclusions confirm and financial results Uralsib. In the banking business accounted for 80% of assets of the corporation, from the beginning, the bank showed a loss. Arrears on loans Uralsib since the beginning of the year more than doubled, to 24 billion rubles. Provisions for possible loan losses increased from the beginning of the year by more than 90%, the loan portfolio declined by more than 23% to 201.6 billion rubles. “Financial performance and corporate bank as a whole fit into the negative obscherynochnye trends – believes anatilik Raiffeisenbank Konstantin Sorin. – However, a group of such magnitude as Uralsib would be to show better financial results, for which, obviously, and held corporate structure changes.