El notes

This year promises to be the most successful for the oil market over the last decade. Reduction of stocks in the U.S. over the past four weeks, went in parallel with the strengthening of the dollar.

State Energy Information Administration (EIA) reported Wednesday that crude oil reserves in the U.S. declined for the week ending December 25, at 1,5 million barrels, gasoline inventories fell by 300,000 barrels and distillates – by 2 million barrels.

Analysts expect oil stockpiles fell by 2 million barrels, gasoline inventories to rise by 500,000 barrels, and distillate stocks to decrease by 2.2 million barrels.

to 9.51 IST the February futures for U.S. light crude rose 47 cents to $79.75 a barrel during trading touching a five-week peak at $79 85 per barrel and some not dotyanuvshis to psychologically important mark of $80. Slightly more than two weeks, oil prices have risen 14 percent.

The February futures indicative oil brand Brent gained 69 cents to $78.72 per barrel.

The average 2009 oil quotes were $62 per barrel: if at the beginning of the year they fell to a five-year lows below $33, to a new year, they came close to $82.

“The American market, seems now witnessing a drastic reduction of surplus stocks due to higher demand and an all-time low volumes of imports “, – the report says Barclays Capital.

Since the launch of the Bank (8.30 am Moscow time) on Thursday due to computer failure, it was impossible to make payments, in particular, taxes, utility bills and remittances in their own system of “Blitz” in all branches of the Bank of Moscow, the more than 700.

remittances, deposits and payment of pensions in the morning on Thursday made in normal mode. At present, metropolitan bank branches recovered in full.

Over the past six months in Sberbank, double failures occurred in the computer system. In particular, in the summer about one third of the Moscow branch also conducted a series of operations. In addition, a few days ago, Sberbank of fault failure in their counterparts re-debited funds from several clients, cardholders, but the situation was resolved quickly.

Head of Research Division of IR “Grandes Capital Denis Barabanov believes that the preconditions for improving the economic situation in Russia in the coming months is not yet in sight. “We believe that the first half of 2010 will be difficult for Russia’s economy. Even if we assume that a little more than a weak ruble, coupled with moderate inflation (and better – with declining inflation) will stimulate production, the effects show up no earlier than the second half of the year. To pull the economy through the state – a thankless task. Improvements may occur in the III-IV quarters, provided that the world’s leading economies will be abuzz with activity ».

main risk expert believes even a possible decline in commodity prices and low domestic demand and structural economic problems of Russia. In the world of higher interest rates could hit the pace of recovery, but the main trend will be moderate growth, mild tightening of monetary policy in developed countries, the persistence of high unemployment.

«The weakening of the ruble, coupled with a moderate recovery potential consumer demand could accelerate the growth of prices. However, will operate and the factors impeding the growth of inflation: the end of the period of rapid growth of state spending, the period of strong capital inflows and rising prices for raw materials. Our forecast – 8% “- suggests D. Barabanov. He expects that the ruble will become cheaper in the 1 st quarter of 2010, but the second half of the year could mark the upward mood. “I do not think that the ratio of the euro against the dollar seriously changed, as long as there is no clear signals as to who first begin to tighten monetary policy – the ECB or the Fed. Therefore, a moderate appreciation of the ruble against the dollar – to the level of 29 rubles seems to us quite plausible. The consensus forecast for a pair ruble / dollar at the moment is 30, 2 rubles ».

In Tuesday were duplicated operations, committed bank customers 26 and 27 December when you make your purchases in the networks, acquiring which is carried out not “Sberbank”. Total errors occurred less than 0,5% of all daily transactions “Savings Bank”.

cause of these errors were technical problems in service systems counterparties of the bank. Within hours, the bank plans to cancel all zadublirovannye operations and restore balances in customers.

statement was circulated by the Ministry on the eve of shops and markets in Pyongyang, reported Xinhua. According to him, the use of foreign currency in the country is forbidden both legal entities and individuals. Foreigners also can not pay brought with it the currency of other countries.

To prevent the illegal circulation in the domestic foreign exchange market, the authorities plan to introduce a strict system of control.

currently in service in North Korea is widely used foreign currency. Both foreigners and citizens of the DPRK can pay for a range of goods and services U.S. dollars and euros.

earlier in North Korea was a monetary reform with the denomination, aimed, according to local authorities, “fight against inflation and imbalances in the economy.” The reform hundred old won equated to one new. Been put into circulation new banknotes of 5 thousand, 2 thousand, 1 thousand, 500, 200, 100, 50, 10 and 5 out, as well as coins of 1 won, 50, 10, 5 and 1 chon.

the February futures price on the North Sea petroleum mix of mark Brent Crude Oil at London exchange ISE (InterContinental Exchange Futures) on the basis of trades rose by 0.32 dollars – up to 77.64 dollars per barrel.

At the New York Stock Exchange NYMEH (New York Merchantile Exchange) cost of the February futures for U.S. light crude oil Light Sweet Crude Oil rose by 0.1 dollar – up to 78.87 dollars per barrel.

Yesterday in the city Venev began its work on customer service operating offices MOSOBLBANKa. Operational office offers quality banking services to pay utility bills, money transfers, allocation of funds as deposits (deposit insurance certificate number 883), foreign exchange operations and complex service of legal persons.

Office Bank located at: 301320, Tula region, Venev district, Venev Str. Tolstoy, 3

Tel.: (48745) 2-44-88, (495) 626-21-01 dob.3319

mode:

Mon-Sun – 10:00-20:00

without lunch break

29.12.2009 in the town of Shuya opened operational office MOSOBLBANKa

in the town of Shuya began its work on customer service operational office MOSOBLBANKa. Operational office offers quality banking services to pay utility bills, money transfers, allocation of funds as deposits (deposit insurance certificate number 883), foreign exchange operations and complex service of legal persons.

Office Bank located at: 155900, Ivanovo region, town of Shuya, ul. Cooperative, 35 A

Tel.: (49351) 45-319, (495) 626-21-01 dob.3323

Mode work:

Mon-Sun – 10:00-20:00

without lunch break

29.12.2009 in the town of Zhukovsky, Moscow region opened additional office MOSOBLBANKa

in the town of Zhukovsky near Moscow began its work in customer service additional office MOSOBLBANKa. Additional office offers quality banking services to pay utility bills, money transfers, allocation of funds as deposits (deposit insurance certificate number 883), foreign exchange operations and complex service of legal persons.

Office Bank located at: 140180, Moscow region, Zhukovsky Str. Dugin, d. 28/12, pom. 5

Tel.: (496) 48-539-09, (495) 626-21-01 dob.3180

mode:

Mon-Sun – 10:00-20:00

without lunch break

29.12.2009 in the town of Istra, Moscow Region was opened additional office MOSOBLBANKa

in the suburban town of Istra began its work on customer service additional office MOSOBLBANKa. Additional office offers quality banking services to pay utility bills, money transfers, allocation of funds as deposits (deposit insurance certificate number 883), foreign exchange operations and complex service of legal persons.

Office Bank located at: 143500, Moscow region, Istra region, Istra, Chekhov street, 5

Tel.: (496) 314-98-68, (495) 626 — 21.01 dob.3179

mode:

Mon-Sun – 10:00-20:00

without lunch break

Some of them are hiding in the restructured debt, so the problems will have to peak for 2010, analysts warn.

most striking example of aggressive, but the correct way to address the problem of bad debts showed Alfa-Bank “, – the analyst of Moody’s Eugene Tarzimanov. Top management at the beginning of the year reviewed the loans by requiring additional collateral, or even early repayment of the companies. Some had to give him a piece of business: Alfa-Bank became the owner of the land of 81 hectares in the Istra district near Moscow (in repayment of debt “MosOblTrustInvest”), assets MIAN and Peresvet ».

“Alpha” only has company debt Bazel, while dozens of leading world banks have been negotiating the restructuring.

its stiffness managers and shareholders of Alfa Bank explained concern about safety of depositors’ money .

Other banks were likely to restructure loans, essentially postponing the issue until later, said Tarzimanov. The proportion of restructured loans in the banking system as a whole, according to Moody’s, the end of the year reached 15%.

State helped

on some depositors of other banks had state care. For example, Svyaz Bank, which according to the number filed this year claims against debtors will surpass any other bank, and was unable to return the money because it credited the company with minimal assets. VEB had to invest in its capital of 90 billion rubles.

Some banks without any readjustment cost budget even more expensive. Despite getting in late 2008 to 200 billion rubles. subordinated loan, VTB has six months require a new capital – the first level. About a third of bank loans granted to developers. VTB had to take over the debts of the controlling Sistema-Hals, “Don-Story Invest” and the collective defense industry. The exact amount of assets acquired for debt, and restructured loans were not disclosed. Summer the State had again to put in capital VTB 180 billion rubles. Nevertheless, the group VTB to IFRS this year, predicting a loss.

had to take the set of assets, including real estate development, and Sberbank – Assessment of Management, a $6 billion he managed without any state support (in 2008 – a subordinated loan of 500 billion rubles.) for the year and expects 20 billion rubles. profits.

«At first it seemed that VTB more inclined to restructure loans and less cautious approach to the creation of reserves, but results of III quarter of the banks on a number of indicators equaled”, – analyst ” Aton Svetlana Kowalski. Sberbank share of restructured loans was even higher than that of VTB, – 9,6% against 8,3%, as the share of loans overdue by more than 90 days (NPL), – 7,9% against 7,8 %.

Private banks, judging by their performance, the borrowers choose not better than state-owned banks. According to the “Aton”, the “Renaissance» NPL amounted to 5,4%, while the proportion of restructured loans – 6,5%, the bank “St. Petersburg” – 5,7% and 7,9%. In MDM Bank in July, the proportion of delay has reached 14,2%, restructured 2,3%.

Whether more will be

While the situation with the bad Debt is not critical. By November, the volume of overdue payments reached 1 trillion rubles., Or 5,1% of the portfolio, although in the beginning of the year the Central Bank forecast of 10%. However, the regulator itself acknowledges that the real situation reflects the share of loans IV and V categories. First deputy chairman Gennady Melikyan Bank appraised it at the end of the year at 10-11%, which in his opinion, “not dangerous».

Moody’s in early 2009 predicted the volume of distressed debt in level of 20% of the total loan portfolio, referring to them, including loans, overdue by more than 90 days, and loans, which was expected to return no more than 50%. “We believe that this prediction come true”, – says Tarzimanov. According to Moody’s, the share of problem loans in the next year will reach a quarter of the total loan portfolio, the analyst believes. This is the same basic scenario Fitch Ratings.

such a significant result Rusfinance Bank has achieved little more than a month. For this program, the bank joined 16 November 2009 and offered loans to such attractive terms to customers in all cities of its presence. In particular, the 1000th loan was issued to the client in the city of Astrakhan.

«The main incentive for borrowers in choosing a credit program is the ability to get credit at rates below standard – currently at 5, 83% .* The introduction of concessional lending program, of course, is a positive development for the market of car loans. However, while sales of the program is small – with the beginning of the year in loans were issued 62 thousand credits. But we hope that sales will increase by removing restrictions on the banks participating in the program and extending the program for 2010 “, – commented on the program of Eugene Novikov, Director of the Bank’s car loans Rusfinance.

* 2 / 3 of the refinancing rate as of 28.12.2009 year. We compare loan rates OOO Rusfinance Bank ».

citizens of Russia to 1945, inclusive of birth / including the heirs, related to this category of citizens / performed for compensation in a 3-fold of the balance of deposits in Sberbank as at 20 June 1991 on the basis of face value currency in 1991, Said compensation shall be reduced by the amount previously received preliminary compensation / compensation / and additional compensation for deposits.

Citizens of Russia 1946-1991 years of birth / including the heirs, within to this category of citizens / compensation is carried out in a 2-fold of the balance of deposits in Sberbank as at 20 June 1991 on the basis of face value of banknotes in 1991, Said compensation shall be reduced by the amount previously received preliminary compensation / compensation / and more compensation for deposits.

amount of compensation depends on the shelf deposits and are determined using the following factors:

1 – on deposits, currently in force, as well as deposits in force in 1992-2010, and he closed in 1996-2010 gg;

0,9 – on deposits in effect in 1992-1994 and closed in 1995;

0,8 – on deposits in effect in 1992-1993 and closed in 1994;

0,7 – on deposits in effect in 1992 Mr. and closed in 1993;

0,6 – on deposits, closed in 1992

For deposits, closed in the period from June 20 1991 December 31, 1991, compensation is not carried out.

heirs, related to these categories of citizens of Russia, the payment of compensation in a 2-fold and 3-fold amount of residue deposits provided irrespective of the age of the deceased owner of the deposits. The amount of compensation to the heirs is not reduced by the amount previously received compensation for payment of funeral services in the amount of up to 6 thousand rubles.

If the owner of the deposits in different parts of the RF Sberbank several deposits for payment of compensation funeral services performed in only one of them. When you receive an application for compensation to pay for funeral services in the death certificate holder shall include a deposit of payments. Payment of compensation to pay for funeral services in the amount of up to 6 thousand rubles is independent of the compensation received by the holder of deposits in life.

Compensation claims made in the offices of Sberbank of Russia at the location of deposits to depositors / heirs / or their representatives on the basis of power of attorney issued in established order, on presentation of passport applications and / Closed deposit / and heirs – also on the basis of documents confirming their right to inheritance, and death certificate holder of deposits.

Compensation for deposits in the former Chechen bank Sberbank of Russia are carried out: the citizens of Russia, who fled the Chechen Republic – in the offices of Sberbank of Russia at the place of their inclusion in the register of depositors of the former Chechen bank Sberbank, Russia citizens residing in the territory of the Chechen Republic – in the offices of Sberbank of Russia, whose list is determined by Sberbank.

information about compensation payments on deposits separately for each category of citizens of Russia / including compensatory payments on deposits in the former Chechen bank Sberbank RF / and the use of federal budget funds for this purpose shall be submitted monthly to the Savings Bank of RF Ministry of Finance.

RF Ministry of Finance instructed to provide financial compensation to citizens of Russia on deposits in the Savings Bank, within the federal budget on 2010, provided for this purpose.

Treasury Savings Bank of Russia will pay the expense of the federal budget for 2010, under subsection “other state issues” section of “General state” classification of expenditure budgets, commission remuneration for services rendered related to the implementation of compensatory payments on deposits, amounting to 2.5 percent of the amount of actual disbursements.