Russia”s banking system a year working at a loss

Russia"s banking system spent a year in losses. In 2009, banks earned on the core business of 125.1 billion rubles. The largest contribution is made Svyaz-Bank, which comply with orders of the Central Bank and "earned" 67,2 billion rubles., Write "Sheets".

So, for 2009 to banks in Russia have earned 125.1 billion rubles., considered the chief of analytical department of BKF bank Maxim Osadchiy based reporting in 1016 the banks, this figure does not take account of the commission income of banks from brokerage services and operations currency. Exactly the same figures are the analysts Trust Bank Vladislav Sidorov and Yuri Tulinova in the review "The banking sector in December 2009" - 125,1 billion rubles.

But the actual banking brought less than half that amount. The remaining "profit" - 67.2 billion rubles. - Provided Svyaz Bank, which, according to accounting standards, in December reduced the size of the loss of 72,8 million to 5,6 billion rubles. Discovered Osadchy. The figures confirmed the manager Communication-bank. The loss of the bank, according to his statements for the first nine months of 2009, largely accounted for the reserves created out of the large amount of "sverhproblemnyh" (as they named executives Communication-bank) loans, - 67,9 billion rubles. Amount of provisions Svyaz Bank on January 1, 2010 - 95,0 billion rubles. - More than the size of the loan portfolio at September 1, 2008 - 90,9 billion rubles., Follows from his account for the entire year 2009.

Profit Communication-bank exclusively "accounting" - he reduced the share capital five times to 19 billion rubles., converting the shares of a nominal value of 0.01 rubles. in the action nominal value of 0,002 rubles. This was done in December by order of the Central Bank, as the share capital exceeds the amount of own funds, explained the manager of Communication-bank.

second and third place in earnings took Sberbank (36.2 billion) and VTB (27.6 billion rubles.; VTB formed a profit in part - to 2,2 billion rubles. - at the expense of dividends of foreign subsidiaries reminds Osadchii). In sum, these three banks "earned" 131 billion, thus remaining banks, taken together, worked at a loss. If you do not count a "result" Communication-bank system for 2009 showed the worst profit since 2001, when it was 17.2 billion rubles.

Compared with 2007 and 2008. financial result of the past year fell by more than threb5eefold. Profit - not the most important, assured the Chairman of the Central Bank of Russia Sergei Ignatiev: primarily for banks is adequate capacity reserves.

Until the end of 2009 allocations to reserves remained a major destabilizing factor and still ate more than half of net interest and fee income generated by Russia"s banks, write analysts Sidorov and Tulin. According to Central Bank reserves at December 1, 2009 amounted to 1.95 trillion. rub.

By a conservative estimate of the rating agency Moody "s, these reserves are not enough, Russia"s banks need to be doubled, said analyst Yevgeny Tarzimanov. He was confident that by international standards Russia"s banks will be even less profitable - just because of the peculiarities of accounting reserves . Moody "s on their methodology assesses the current level of distressed debt in 20% of the total loan portfolio, the forecast of CB, this last week - 9-10% by mid-2010

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