Russian banks 'lost' 100 billion rubles in year
The Russian government is concerned about the reliability of the domestic banking system, the Russian Finance Minister Anton Siluanov said at the convention of the Association of Russian Banks.
"We have lost more than 100 billion rubles over the past year at the expense of public funds in banks - in the banking sector of public funds," RIA Novosti cited him as saying.
The Finance Minister stressed that reliable banks should be used for public funds. As part of this work, a number of measures are being implemented, including - the application of national ratings to assess commercial banks when choosing credit institutions for the placement of public funds.
In addition, the minister announced the support for the Russian Central Bank's proposal to create a multi-level banking system. "On the one hand, it will reduce the administrative burden on banks, increase the availability of banking services. And on the other hand, it will become the basis for the stability of the banking sector and improve the banking system," Anton Siluanov explained.
Advisor on macroeconomics to the CEO of the 'Opening-Broker' brokerage house, economist Sergey Hestanov, speaking to Vestnik Kavkaza, noted that public funds were lost primarily due to the collapse of commercial banks.
Speaking about the minister's support of the Central Bank's idea to create a multi-level banking system, Sergei Hestanov stressed that it will not increase the reliability of the banking sector. "In most parts of the world, there is a two-tier system, where the first level is the Central Bank and the second is commercial banks. Our Central Bank wants to divide commercial banks into several categories, and it is difficult even to predict the possible consequences. On the other hand, a systematic increase in the requirements for own the bank's own capital can be an alternative," the economist suggested.
"Some of the small banks will be forced either to withdraw from the market, or enter into larger banks," the advisor on macroeconomics to the CEO of the 'Opening-Broker' brokerage house warned.
A professor at the department of the stock market and investments at the Higher School of Economics, Alexander Abramov, in turn, noted that the head of the Ministry of Finance had in mind the banks whose licenses were withdrawn by the Central Bank. "Guarantees of repayment are provided only to individuals, while contributions and accounts of organizations are not reimbursed," the expert recalled.
He also doubted the initiative to create a multi-level banking system. "It seems that the structure of the banking system will not become more reliable, I think that the increase in the reliability of Russian banks should be connected with carrying out a more competition-oriented policy," the professor at the department of the stock market and investments at the HSE explained.
Abramov warned that sweeping banks carries new risks, as every year, in fact, 100-150 banks leave the market. "And if the Central Bank has any claims to some banks, it is worth implementing them more actively, rather than revoking two or three licenses each week," Alexander Abramov suggested.