Banks are going to "fatten"
Up to January 1 2010 all Russian banks are to raise their net worth to 90 mln rubles, in 2 years - to 180 mln rubles.
These requirements are described in amendments to law "About banks and banking operations" signed recently by Dmitry Medvedev. In case banks can?t correspond to new rules they will be compelled to convert into non-bank credit organizations or forfeit their license. Nowadays 162 credit organizations from 1000 Russian banks don?t comply with new requirements.
Officials of Central Bank of Russia reckon rules hardening must strengthen bank system and raise its financial stability. It is of the highest priority especially in the current financial situation. Large banks easier endure such shakes explained the officials. In case shareholders lack money means for fund enlargement, banks can turn to investors? help. Fund enlargement is a growth source for a bank, but if it doesn?t develop it means the bank disappearance won?t do market any harm, reckon some analysts.
According to the data from Central Bank of Russia, there were 305 credit organizations with capital less than 180 mln rubles. Own capital of 162 banks was lower than 90 mln rubles. Share of banks with capital under 180 mln rubles in the Russian system is 1,3 %, under 90 mln rubles - 0,9%.
Head of Regional Banks Association Anatoly Aksakov assure new lawsuit will increase pressing on little banks, trigger credit activity swerving what will result in small business downfall and unemployment growth. According to the data from Regional Banks Association, 13 Russian Federation subjects lack regional banks whose capital surpass 180 mln rubles. Short-sighted policy assigned to remove successful regional banks will harmfully influence on social and political situation in regions, stresses the expert.
Artyem Krasnov
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