With branches "MONEY" offline website "Derbent Wall Part 26 Klark Date: 14.01.2009 11:55:39 The size of negative capital of Russian banks rose in November to 2.4 times
12.01.2009 15:05
Bank of Russia has registered more than double the growth of negative capital value of Russian banks on 1 December 2008 - up 48.8 billion rubles from 20.7 billion on Nov. 1, it follows from the materials of the Central Bank. In accordance with the classification of the Central Bank, these banks are now in a group of credit institutions with capital of less than 0.5 million euros each. As noted in the review of the regulator, credit institutions with negative equity Sanatorium steps to financial health, or at banks such licenses revoked after the reporting date (December 1). As a result of October 2008 have negative equity in Russian banks has been fixed for the first time the past three years.
Source: RIA Novosti Net losses from Russian banks rose in November 2008 to 74%
12.01.2009 14:45
Net losses of Russian banks in November last year grew by 74%, or 36.128 billion rubles - up to 85.096 billion rubles, according to the review of the banking sector of Russia, located on the site of the Central Bank. The number of banks that have received damage in November, was 115 against 113 the previous month. The total number of banks in Russia in late November was 1113. Since the beginning of the volume of losses has grown more than 85-fold - from 907 million rubles. Then unprofitable banks in Russia was only 11. Profit of credit institutions amounted to 1 December 2008 399 099 000 000 rubles. In November it rose by 9,8%. In this case, since the beginning of the year this figure fell to 21.6%.
Source: RIA Novosti RE: Money Author: Klark Date: 22.01.2009 13:54:50 Russia's international reserves fell by $ 30 billion for the week
From 9 to 16 January the international (gold) reserves of Russia decreased by 30.3 billion dollars to a mark of 396.2 billion dollars. This is stated in the official press release of the Central Bank. Back in August 2008, Russia's reserves were almost $ 600 billion. Reduction of reserves for more than 30 billion for the week was one of the most significant in the history of such assets in Russia. Since autumn 2008 the central bank spends's reserves to maintain a relatively high exchange rate and a controlled devaluation of the currency. (Giant strides dropping the ruble, and the people are told that the reduction of gold reserves is due to the high exchange rate!)
During the first week of 2009 the reserves were not only not decreased but increased by half a billion dollars. However, this was not due to the trade by the Central Bank in dollars and euros, but with a change of the dollar on world markets. Russia's reserves are among the largest in the world. In recent years they have grown considerably due to the influx of capital into the Russian economy and a sharp increase in oil prices on the world market. Russia's international reserves are located mainly in the U.S. and the euro, monetary gold, reserve currency, the IMF and some other assets. In late 2008, the ministry believed that the year of the nation's reserves will be reduced to 110-140 billion to 300 billion dollars. However, it is possible that in connection with the deepening economic crisis, reduction of reserves will be more significant. RE: Money Author: Klark Date: 27.01.2009 20:51:11 The State will provide the Russian banks an additional 900 billion rubles
Russia's government plans to allocate to recapitalize the Russian banks to 900 billion rubles, according to Reuters, citing sources in the Cabinet. Of this amount, more than half (500 billion) will go to replenish the capital of the Savings Bank. Sources say that finally the decision was not taken. Sberbank will receive funds under the subordinated loan, as well as VTB, which is proposed to allocate 200 billion rubles.
In doing so, banks would receive funds through an additional issue of shares and entering into the state capital. The government is skeptical of this proposal, because they do not want full nationalization of the banking system.
In October, President Dmitry Medvedev signed a decree on the allocation of Russian banks subordinated loans of 950 billion rubles to 2019 for the lending industry. Savings then got about half a trillion rubles. Another 200 billion went to VTB and Rosselkhozbank have provided $ 50 billion.
In addition to long-term investments in the banking system, the state in financial crisis uses a variety of schemes podderdzhki lending institutions. These include auctions repo auctions are unsecured and the placing of the Ministry of Finance on bank deposits.
Source: Lenta.ru RE: Money Author: Klark Date: 22.02.2009 11:40:28 The cost of an ounce of gold has exceeded one thousand dollars
The cost of ounce of gold on world markets exceeded the mark in 1000 dollars. On it informs "Interfax" referring to data by Bloomberg. Troy ounce equals approximately 31.1 grams. It is worth noting that the New York Mercantile Exchange (NYMEX) gold with delivery in April, trading near 996 dollars per ounce, the price increased by 20.3 dollars per day. At the same time, futures contracts on gold with the terms of the supply in June and August 2009, in fact, exceed the price of one thousand dollars and are 1002.3 and 1002.8 respectively dollar. On the eve of gold on world markets has fallen in price the first time in six sessions at 1.6 dollars to 976.1 dollars per ounce. Recall the first time the cost of an ounce of gold has exceeded one thousand dollars March 13, 2008. It is worth noting that gold futures have become one of the most profitable ways of investment amid falling oil prices, as well as reducing the world's major stock indices. For example, since July last year before the current oil prices have fallen by 75 percent and U.S. stock indices - more than 40 percent. RE: Money Author: Klark Date: 13.03.2009 18:45:46 Russian Institute of mortgage resembles some sort of freak Acting in Russia Institute of Mortgage "is reminiscent of a freak." As the correspondent of IA REGNUM, it was declared by the mayor of Nizhny Novgorod, Vadim Bulavinov at a press briefing on March 13.
According to him, Russian family now take a mortgage of 15-20% per annum - which means to get into debt for a lifetime.
"Mortgage really starts to work, if the interest rate does not prevyshet 3-4% per annum. Then people really start to mass use of this financial institution to solve the housing problem" - sure Bulavinov.
"In fact, housing prices in the stable now higher than during the crisis. And speaking of buying, then people who have savings to buy housing is better now. These investments are profitable today, they will be repaid in the future. But not for those interest mortgages that are now offered by Russian banks. " RE: Money Author: Klark Date: 08.04.2009 21:51:31 Central Bank of Russia bought two billion dollars over five days
Central Bank of Russia since early April had bought in the market of two billion dollars, reports "Interfax" referring to the statement by the First Deputy Chairman of the Central Bank Alexey Ulyukayev. This means that five working days of April the Central Bank bought for approximately $ 400 million daily. Central Bank data show that the volume of buying currency in the market by the monetary authorities have increased significantly. For the entire March CBA acquired only four billion dollars, and in February - a billion dollars. Prior to that, the Central Bank was forced, by contrast, sell the currency, as investors in the market played against the ruble.
Purchase of foreign currency by the Central Bank to maintain a relatively low rate of national currency. This is beneficial for exporters, who receive for their goods dollars and euros, and then change them into rubles for the implementation of core activities in the country.
The devaluation of the ruble was carried out by the Central Bank in the autumn of 2008. A few months currency basket (0,55 and 0,45 Euro dollar) grew in value from 31 to 41 rubles. As repeatedly pointed out the Russian authorities, it has helped to support domestic producers in an economic crisis, as well as imported goods become more expensive and therefore less competitive on the Russian market.
During the first half hour of trading on the MICEX on April 8 the weighted average dollar exchange rate rose by 27 kopecks to 33.75 ruble and the euro - down less than four pennies to 44.54 rubles. Source: Lenta.ru RE: Money Author: Robert Date: 25.01.2010 14:35:41 News on Newsland: CB predicted the fall of the ruble
Difficult times for the Russian currency might have just begun. On Friday, the first deputy chairman of Bank of Russia Alexei Ulyukayev warned that the value of the currency basket could reach 38 rubles, "a relatively close time."
Perhaps the process has already begun: on Friday, Russia's national currency has weakened markedly against the backdrop of falling oil prices and the stock market and the dollar close to the psychologically important mark of 30 rubles.
The ruble can go to the upper boundary of the currency basket in a "relatively close time." On Friday at the conference "Russia and the world: challenges of the new decade," said First Deputy Chairman of the CBR Alexei Ulyukayev.
"Until now, the mechanism (active and passive interventions) did not pass the test in terms of a situation where we are closer to the upper boundary of a crawling band, that is, when should exercise passive operations of foreign currency exchange. But I think this issue relatively close time "- he said.
However, Ulyukayev said that the CBR will not put a goal at the exchange rate. "His goal is to protect the economy from excessive exchange rate volatility, because at this stage of development of Russian economy, it is bad" - said the first deputy chairman of the Central Bank.
Currently, the volatility in the ruble-dollar pair is even higher volatility in the dollar-euro pair. "It's too big for us. I think it should be no more than a pair of major world currencies, "- said Ulyukaev.
In addition, the official noted that the Central Bank will continue to carry out foreign exchange intervention in the market. In this passive intervention - on the borders of a particular corridor of support (now 35-38 rubles per basket) - will be gradually reduced, and the proportion of active intervention - to increase (which, incidentally, happens in the last two months).
The fact that the currency is much more expensive than it should, earlier Friday, said Finance Minister Alexei Kudrin. "We have set a record in the Big Twenty" to strengthen its national currency. How to beat a strengthening of the industry, is well known, "- said the minister.
In this case, the ruble in trading on Friday to midday depreciated against the currency basket to 18 cents compared to the previous close. The cost of the currency basket, calculated at 13.00 MSK on Friday amounted to 35.35 rubles against 35.17 rubles at the close Thursday. The official dollar rate CBR weekend and Monday set the CBR at 29.7458 rubles to the dollar.
Kudrin said Friday, and Ulyukaeva involuntarily forced to ask the question: Is it in the near future, the ruble is waiting for a disaster? And is it worth now run to take place in the exchangers?
Experts call not to panic and do not take words too literally status financiers. "I do not expect such a sharp weakening of the ruble. Such an imbalance may be caused by unfavorable situation on the commodity markets. However, I do not think it will happen very very soon "- says the analyst of Veles-Capital Ivan Manayenko, noting that if the exchange rate and fall, it is not until mid-2010.
In turn, the analyst LiteForex Bodrov, Anna believes that currently make hasty predictions about the imminent Apocalypse, the ruble is not worth it. "Today is very well demonstrated that the balance of power in the market has not yet taken place. Euros to the dollar on Friday was trading in a very narrow range, and a pair of ruble-dollar, as is known, is strongly correlated with this couple, "- she said.
According to experts, up until not determine the benefits, who will be at altitude - the dollar or the euro, the ruble will keep the exchange rate stability, which probably will last until late spring - early summer 2010. RE: Money Author: Robert Date: 11.05.2010 13:11:15 Loans to stagnate, profits rise
Russian banks are emerging from crisis. According to the Bank, the profits of the 30 largest credit institutions in the first quarter doubled over the same period last year - up to 82 billion rubles. Impact reduction in allocations to reserves, but lending volumes continue to decline.
The annual profit of 30 largest banks in the April 1 962 000 000 000 515 519 000 rubles, said the central bank. This is only 1,4% more than what had been the previous year (949 000 000 000 181 109 000 rubles). But while the first three months of 2010 profits top thirty was twice over the same period in 2009: 82 billion rubles to 39.7 billion rubles. All Russian banks earned during the first quarter of 116.7 billion rubles in net profit.
It is interesting that the volume of lending continues to fall (on April 1st credit debt was 14.955 trillion rubles, while the previous year was 15.805 trillion rubles), and arrears on previous loans and other placements for the same period grew by almost half - to 752.62 billion rubles to 463 billion rubles.
In recent months, the banking sector can be divided into two main trends - the decline in assets of credit institutions and the increase in bank profits,
experts say. "The reduction in assets is justified to some reduction in lending, as well as a significant reduction in the volume of cash, precious metals and stones (at 25.48%, to 408 billion rubles). And the growth in revenue resulted primarily from a slight increase to customers, increase revenue on bonds and notes and the annual increase in interest income of banks ", - analyst IK" Finam "Konstantin Romanov.
Nevertheless, in the first quarter of this same net interest income was moderately reduced. First, it could not pass unnoticed by reducing the loan portfolio, said deputy head of analytical department of the IR Sovlink Olga Belenkaya. Secondly, now is anticipating reducing interest rates compared to the cost of funding. "In addition, unlike the first quarter of last year, banks do not have the possibility of large one-time earnings in the foreign exchange and stock markets", - said Belenkaya.
Current situation in the credit market experts estimate more like stagnation. High quality borrowers are unwilling to use bank loans at high interest rates, and in view of significant tightening of bank risk-management of low-quality borrowers are refused by the banks themselves,
despite their willingness to pay high interest rates on loans, says Romanov. "With regard to arrears, then its growth in recent months provided delinquencies on loans primarily in the pre-crisis period, since during the crisis, banks greatly tightened their credit policies. Accordingly, at this point in the loan portfolio of banks do not come off old debts, "- he says.
12.01.2009 15:05
Bank of Russia has registered more than double the growth of negative capital value of Russian banks on 1 December 2008 - up 48.8 billion rubles from 20.7 billion on Nov. 1, it follows from the materials of the Central Bank. In accordance with the classification of the Central Bank, these banks are now in a group of credit institutions with capital of less than 0.5 million euros each. As noted in the review of the regulator, credit institutions with negative equity Sanatorium steps to financial health, or at banks such licenses revoked after the reporting date (December 1). As a result of October 2008 have negative equity in Russian banks has been fixed for the first time the past three years.
Source: RIA Novosti Net losses from Russian banks rose in November 2008 to 74%
12.01.2009 14:45
Net losses of Russian banks in November last year grew by 74%, or 36.128 billion rubles - up to 85.096 billion rubles, according to the review of the banking sector of Russia, located on the site of the Central Bank. The number of banks that have received damage in November, was 115 against 113 the previous month. The total number of banks in Russia in late November was 1113. Since the beginning of the volume of losses has grown more than 85-fold - from 907 million rubles. Then unprofitable banks in Russia was only 11. Profit of credit institutions amounted to 1 December 2008 399 099 000 000 rubles. In November it rose by 9,8%. In this case, since the beginning of the year this figure fell to 21.6%.
Source: RIA Novosti RE: Money Author: Klark Date: 22.01.2009 13:54:50 Russia's international reserves fell by $ 30 billion for the week
From 9 to 16 January the international (gold) reserves of Russia decreased by 30.3 billion dollars to a mark of 396.2 billion dollars. This is stated in the official press release of the Central Bank. Back in August 2008, Russia's reserves were almost $ 600 billion. Reduction of reserves for more than 30 billion for the week was one of the most significant in the history of such assets in Russia. Since autumn 2008 the central bank spends's reserves to maintain a relatively high exchange rate and a controlled devaluation of the currency. (Giant strides dropping the ruble, and the people are told that the reduction of gold reserves is due to the high exchange rate!)
During the first week of 2009 the reserves were not only not decreased but increased by half a billion dollars. However, this was not due to the trade by the Central Bank in dollars and euros, but with a change of the dollar on world markets. Russia's reserves are among the largest in the world. In recent years they have grown considerably due to the influx of capital into the Russian economy and a sharp increase in oil prices on the world market. Russia's international reserves are located mainly in the U.S. and the euro, monetary gold, reserve currency, the IMF and some other assets. In late 2008, the ministry believed that the year of the nation's reserves will be reduced to 110-140 billion to 300 billion dollars. However, it is possible that in connection with the deepening economic crisis, reduction of reserves will be more significant. RE: Money Author: Klark Date: 27.01.2009 20:51:11 The State will provide the Russian banks an additional 900 billion rubles
Russia's government plans to allocate to recapitalize the Russian banks to 900 billion rubles, according to Reuters, citing sources in the Cabinet. Of this amount, more than half (500 billion) will go to replenish the capital of the Savings Bank. Sources say that finally the decision was not taken. Sberbank will receive funds under the subordinated loan, as well as VTB, which is proposed to allocate 200 billion rubles.
In doing so, banks would receive funds through an additional issue of shares and entering into the state capital. The government is skeptical of this proposal, because they do not want full nationalization of the banking system.
In October, President Dmitry Medvedev signed a decree on the allocation of Russian banks subordinated loans of 950 billion rubles to 2019 for the lending industry. Savings then got about half a trillion rubles. Another 200 billion went to VTB and Rosselkhozbank have provided $ 50 billion.
In addition to long-term investments in the banking system, the state in financial crisis uses a variety of schemes podderdzhki lending institutions. These include auctions repo auctions are unsecured and the placing of the Ministry of Finance on bank deposits.
Source: Lenta.ru RE: Money Author: Klark Date: 22.02.2009 11:40:28 The cost of an ounce of gold has exceeded one thousand dollars
The cost of ounce of gold on world markets exceeded the mark in 1000 dollars. On it informs "Interfax" referring to data by Bloomberg. Troy ounce equals approximately 31.1 grams. It is worth noting that the New York Mercantile Exchange (NYMEX) gold with delivery in April, trading near 996 dollars per ounce, the price increased by 20.3 dollars per day. At the same time, futures contracts on gold with the terms of the supply in June and August 2009, in fact, exceed the price of one thousand dollars and are 1002.3 and 1002.8 respectively dollar. On the eve of gold on world markets has fallen in price the first time in six sessions at 1.6 dollars to 976.1 dollars per ounce. Recall the first time the cost of an ounce of gold has exceeded one thousand dollars March 13, 2008. It is worth noting that gold futures have become one of the most profitable ways of investment amid falling oil prices, as well as reducing the world's major stock indices. For example, since July last year before the current oil prices have fallen by 75 percent and U.S. stock indices - more than 40 percent. RE: Money Author: Klark Date: 13.03.2009 18:45:46 Russian Institute of mortgage resembles some sort of freak Acting in Russia Institute of Mortgage "is reminiscent of a freak." As the correspondent of IA REGNUM, it was declared by the mayor of Nizhny Novgorod, Vadim Bulavinov at a press briefing on March 13.
According to him, Russian family now take a mortgage of 15-20% per annum - which means to get into debt for a lifetime.
"Mortgage really starts to work, if the interest rate does not prevyshet 3-4% per annum. Then people really start to mass use of this financial institution to solve the housing problem" - sure Bulavinov.
"In fact, housing prices in the stable now higher than during the crisis. And speaking of buying, then people who have savings to buy housing is better now. These investments are profitable today, they will be repaid in the future. But not for those interest mortgages that are now offered by Russian banks. " RE: Money Author: Klark Date: 08.04.2009 21:51:31 Central Bank of Russia bought two billion dollars over five days
Central Bank of Russia since early April had bought in the market of two billion dollars, reports "Interfax" referring to the statement by the First Deputy Chairman of the Central Bank Alexey Ulyukayev. This means that five working days of April the Central Bank bought for approximately $ 400 million daily. Central Bank data show that the volume of buying currency in the market by the monetary authorities have increased significantly. For the entire March CBA acquired only four billion dollars, and in February - a billion dollars. Prior to that, the Central Bank was forced, by contrast, sell the currency, as investors in the market played against the ruble.
Purchase of foreign currency by the Central Bank to maintain a relatively low rate of national currency. This is beneficial for exporters, who receive for their goods dollars and euros, and then change them into rubles for the implementation of core activities in the country.
The devaluation of the ruble was carried out by the Central Bank in the autumn of 2008. A few months currency basket (0,55 and 0,45 Euro dollar) grew in value from 31 to 41 rubles. As repeatedly pointed out the Russian authorities, it has helped to support domestic producers in an economic crisis, as well as imported goods become more expensive and therefore less competitive on the Russian market.
During the first half hour of trading on the MICEX on April 8 the weighted average dollar exchange rate rose by 27 kopecks to 33.75 ruble and the euro - down less than four pennies to 44.54 rubles. Source: Lenta.ru RE: Money Author: Robert Date: 25.01.2010 14:35:41 News on Newsland: CB predicted the fall of the ruble
Difficult times for the Russian currency might have just begun. On Friday, the first deputy chairman of Bank of Russia Alexei Ulyukayev warned that the value of the currency basket could reach 38 rubles, "a relatively close time."
Perhaps the process has already begun: on Friday, Russia's national currency has weakened markedly against the backdrop of falling oil prices and the stock market and the dollar close to the psychologically important mark of 30 rubles.
The ruble can go to the upper boundary of the currency basket in a "relatively close time." On Friday at the conference "Russia and the world: challenges of the new decade," said First Deputy Chairman of the CBR Alexei Ulyukayev.
"Until now, the mechanism (active and passive interventions) did not pass the test in terms of a situation where we are closer to the upper boundary of a crawling band, that is, when should exercise passive operations of foreign currency exchange. But I think this issue relatively close time "- he said.
However, Ulyukayev said that the CBR will not put a goal at the exchange rate. "His goal is to protect the economy from excessive exchange rate volatility, because at this stage of development of Russian economy, it is bad" - said the first deputy chairman of the Central Bank.
Currently, the volatility in the ruble-dollar pair is even higher volatility in the dollar-euro pair. "It's too big for us. I think it should be no more than a pair of major world currencies, "- said Ulyukaev.
In addition, the official noted that the Central Bank will continue to carry out foreign exchange intervention in the market. In this passive intervention - on the borders of a particular corridor of support (now 35-38 rubles per basket) - will be gradually reduced, and the proportion of active intervention - to increase (which, incidentally, happens in the last two months).
The fact that the currency is much more expensive than it should, earlier Friday, said Finance Minister Alexei Kudrin. "We have set a record in the Big Twenty" to strengthen its national currency. How to beat a strengthening of the industry, is well known, "- said the minister.
In this case, the ruble in trading on Friday to midday depreciated against the currency basket to 18 cents compared to the previous close. The cost of the currency basket, calculated at 13.00 MSK on Friday amounted to 35.35 rubles against 35.17 rubles at the close Thursday. The official dollar rate CBR weekend and Monday set the CBR at 29.7458 rubles to the dollar.
Kudrin said Friday, and Ulyukaeva involuntarily forced to ask the question: Is it in the near future, the ruble is waiting for a disaster? And is it worth now run to take place in the exchangers?
Experts call not to panic and do not take words too literally status financiers. "I do not expect such a sharp weakening of the ruble. Such an imbalance may be caused by unfavorable situation on the commodity markets. However, I do not think it will happen very very soon "- says the analyst of Veles-Capital Ivan Manayenko, noting that if the exchange rate and fall, it is not until mid-2010.
In turn, the analyst LiteForex Bodrov, Anna believes that currently make hasty predictions about the imminent Apocalypse, the ruble is not worth it. "Today is very well demonstrated that the balance of power in the market has not yet taken place. Euros to the dollar on Friday was trading in a very narrow range, and a pair of ruble-dollar, as is known, is strongly correlated with this couple, "- she said.
According to experts, up until not determine the benefits, who will be at altitude - the dollar or the euro, the ruble will keep the exchange rate stability, which probably will last until late spring - early summer 2010. RE: Money Author: Robert Date: 11.05.2010 13:11:15 Loans to stagnate, profits rise
Russian banks are emerging from crisis. According to the Bank, the profits of the 30 largest credit institutions in the first quarter doubled over the same period last year - up to 82 billion rubles. Impact reduction in allocations to reserves, but lending volumes continue to decline.
The annual profit of 30 largest banks in the April 1 962 000 000 000 515 519 000 rubles, said the central bank. This is only 1,4% more than what had been the previous year (949 000 000 000 181 109 000 rubles). But while the first three months of 2010 profits top thirty was twice over the same period in 2009: 82 billion rubles to 39.7 billion rubles. All Russian banks earned during the first quarter of 116.7 billion rubles in net profit.
It is interesting that the volume of lending continues to fall (on April 1st credit debt was 14.955 trillion rubles, while the previous year was 15.805 trillion rubles), and arrears on previous loans and other placements for the same period grew by almost half - to 752.62 billion rubles to 463 billion rubles.
In recent months, the banking sector can be divided into two main trends - the decline in assets of credit institutions and the increase in bank profits,
experts say. "The reduction in assets is justified to some reduction in lending, as well as a significant reduction in the volume of cash, precious metals and stones (at 25.48%, to 408 billion rubles). And the growth in revenue resulted primarily from a slight increase to customers, increase revenue on bonds and notes and the annual increase in interest income of banks ", - analyst IK" Finam "Konstantin Romanov.
Nevertheless, in the first quarter of this same net interest income was moderately reduced. First, it could not pass unnoticed by reducing the loan portfolio, said deputy head of analytical department of the IR Sovlink Olga Belenkaya. Secondly, now is anticipating reducing interest rates compared to the cost of funding. "In addition, unlike the first quarter of last year, banks do not have the possibility of large one-time earnings in the foreign exchange and stock markets", - said Belenkaya.
Current situation in the credit market experts estimate more like stagnation. High quality borrowers are unwilling to use bank loans at high interest rates, and in view of significant tightening of bank risk-management of low-quality borrowers are refused by the banks themselves,
despite their willingness to pay high interest rates on loans, says Romanov. "With regard to arrears, then its growth in recent months provided delinquencies on loans primarily in the pre-crisis period, since during the crisis, banks greatly tightened their credit policies. Accordingly, at this point in the loan portfolio of banks do not come off old debts, "- he says.
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