Banks have made a request for a recordThis year, they will earn more than in the past
Russian banks are again at record profits. For ten months of this year, they have almost reached the result of the previous one. However, the views of the bankers and the Central Bank on the effective use of these funds are spent.
Russian banks (including the Savings Bank) in January-October were 836.5 billion rubles. arrived in October compared with September profit of Russian banks increased by 11.5%, the words of the first deputy chairman Alexei Simanovsky agency "Prime." The financial result of ten months of this year - almost 99% of the profit for the full year 2011 (848 billion rubles)., So last year's record profit in this year is likely to be beaten.
On key indicators of business banks collectively also showed a positive result. According to Mr. Simanovsky, Corporate loan portfolio for the month increased by 1.4% (YTD - 11.6%), individuals - by 2.9% (YTD - 33%), the contributions of citizens - 1% (YTD - 11.1%). In September, the situation was somewhat worse, banks increased their corporate portfolio by 0.6%, retail - by 2.5%, the deposit - by 0.2%.However, with the growth of the portfolio and increased delinquency on loans: 1.4% in October and 17.4% in the year. In this case, the delay in retail in October rose a faster pace - 2.5% since the beginning of the year - 11.9%. The increase in growth response delay banks reserves, but smaller - 0.8% in October, from the beginning of the year - by 6.9%.In this situation, the growth of bank profits in handy. Provisions are charged as an expense that reduces profit, putting pressure on capital. "And the big banks to create profit opportunities for the capital increase" - quoted Alexei Simanovsky "Prime." According to him, on the state to capitalize the banks you'd better not. "It is unlikely that banks can expect government subsidies. The state helps when no other aid instruments. But when you need to feed yourself, what to expect help from the state? "- Quoted Mr. Simanovsky agency" Interfax ". In support of this approach, he cited the profitability of the Russian banking sector. It is 16-17%, and the banks of the developed countries that "can only envy." While Russian banks is directed to the capital increase is not all profit, and not even half, said the first deputy chairman.However, the demand to increase the share of profits that banks are allowed to capitalize, the Central Bank can not. This approach provides a conceptually "Basel 3" - talking about the capital conservation buffer, but the detail is still under development and may get only a few years.SourceContemporary ArchivePolitical economy of Marx
The Forum site "Politucheba" Anatoly Ponemasov asks, "Why the political economy, once again, has become impossible, and disappeared from the list of subjects for schools in humanitarian and socio-economic cycle Ministry of Education? '. And why, in a textbook for high schools, given such an absurd interpretation of profit: "... any particular market situation is characterized by a known uncertainty, and this uncertainty and generates profits derived by individual entrepreneurs as an additional surplus revenue, exceeding the total revenue over the full costs. Causes of this additional income can be varied: the monopoly position of the company on the market, technological change, the innovative activities of entrepreneurs associated with foresight, originality of thought, courage and so on. " This definition is not only absurd in fact, but also in relation to the authors, because it makes themselves redundant in the process of teaching. If the profit arises from uncertainty, and there is nothing to teach. You can not teach a person to uncertainty, and even take money for it. But take! If the same approach to the assessment of reality, from the standpoint of classical political economy, from the standpoint of Marxism, no uncertainty, and does not arise, and traced a strong relationship and the law of value. After all, Marx did not invent various uncertainties, no reference to innovation and original thinking entrepreneurs (anything stupid and you can imagine), and to clearly identify that there is a profit, from which it is formed, and how to transform."The profits of the capitalist, - wrote in Volume III of Capital Marx - get the fact that he can sell something he did not pay. Surplus value, profit, is just one of the excess value of the product over its cost, ie excess of the total amount of labor contained in the commodity over it contains the amount paid labor. " (Vol. 3 part 1 page 49.)Everything is clear and understandable. No uncertainty and empty chatter. It is this approach and allows to properly evaluate the current economic conditions, identify patterns and to evaluate. Consider, for example, some of the phenomena of our life. Speaking at the International Banking Congress in St. Petersburg, Finance Minister Alexei Kudrin said, according to his calculations, the next years return on capital in the banking sector will be higher than in oil. "The profits of the 30 largest banks for the year grew by over a third," - said, "Nezavisimaya Gazeta". "Earnings thirty largest banks based on the outcome of previous years for the period January-May for the year grew by 37.4 percent, according to Itar-Tass. According to the Central Bank on June 1, 2007, it was 376 billion rubles. A year earlier the figure was 273.7 billion rubles. Assets of the top thirty banks increased by 26.3 percent and amounted to 12 trillion rubles, and the loan portfolio increased from 5 to 7.6 trillion rubles. In the first quarter (as of April 1, 2007), the largest profit in the amount of 31.7 billion rubles was Sberbank ". "Russian Standard" is one of the first banks went to the disclosure of the effective interest on loans, not waiting for the entry into force of the Central Bank indicate that obliges it to do (it comes into force on 1 July this year). According to the Bank, the effective rate on the loans, the consumer credits amounted to 44.3%, on credit cards - 79.2%, "- said the" Gazeta ".
At the same time, the newspaper "Kommersant" informs: "Russian companies are losing profits." "Rosstat published data on the financial results for the first quarter of 2007. The rate of growth of profits of Russian industrialists steadily declining. Economists attribute this to the significant increase in costs, and say that this trend will be stable: with lost profits and competitiveness. According to a report yesterday by Rosstat on profit and loss account of Russian companies, reported profit in the Russian economy is growing. However, it should be noted that the statistics do not take into account the Rosstat financial performance of small businesses, banks, insurance companies and public offices. Thus, in January-March 2007, 56.8 thousand organizations a profit of $ 1.2 trillion., And 31.2 thousand organizations have suffered losses amounting to 166.2 billion rubles. In comparison with January-March 2006, the share of unprofitable enterprises decreased by 5.2% to 35.5%. Economists argue that the rate of growth and corporate profits in the medium term will be reduced, and with it will shrink and the competitiveness of Russian enterprises."The fall of profits leads to a loss of competitiveness. Now the government is most concerned about inflation, but experience shows that when the electoral component of inflation is reduced, the government turns its face to the owner," - said Julia Tseplyaeva. "I still would not call this situation a loss of competitiveness - objection Vladimir Salnikov. - Rather it is a challenge. If Russian enterprises payers to increase its efficiency, everything will be fine." Another newspaper informs citizens that the number of dollar millionaires in Russia over the last year has increased by 15.5% and amounted to about 119 thousand people. These findings are contained in a new study of global wealth World Wealth Report, released on Wednesday the U.S. investment company Merrill Lynch and consulting firm Capgemini Group. As the pace of growth in the number of millionaires Russia is second only to Singapore and India, where it has increased by 21.2 and 20.5%, respectively. If we evaluate the above facts from the standpoint of our "indeterminate" academics, nothing to see, except for the fact that some of this "uncertainty" is richer and the other poorer, and can not. But from the standpoint of classical economics can see and understand a lot. But first make some generalizations based on the information provided.First, we see that the banking activity generates huge profits, and argues Kudrin, profitability of capital in this sector will be even higher than the oil. Second, there is a clear trend falling profits in industrial production, which did not prevent the growth of billionaires. And third, many banks and lenders are forced to take loans at high monopoly rates. Here then and there, for the man who knows the laws of capitalist economy, puzzling questions. And what make bankers, receiving profits even higher than in the production? And why in industry profits are falling, and the banks that increase? And how is it that the banking activities that do not create value, but only has to deal with already realize the value of providing circulation of capital, through a variety of payments, accounting bills, account, deposit money, loans, etc. became extremely profitable?Yes, capitalist production if we have fit will ask a question. After all, the fundamental law of capitalist competition - it's the law, equalization of the rate of profit, the reduction of the rate of profit to the average rate as of equal capitals, in equal intervals of equal yield profits. Where currency trade, only trade in goods, albeit with the use-specific properties, and nothing more. A profit of bankers is only a deduction from the surplus value created in production, which can not be higher than the profit of the production itself. And bankers receive for their services, the circulation of capital, and not dominate the proceedings. And what we are seeing? Banks every year to reap huge profits, industrial production is becoming less profitable, not to mention agriculture, and the citizens are forced to take loans at 44% per annum and above. All it means is that we are dealing with a high degree of monopoly in the field of banking. That this area of activity is tightly controlled, and there is no free movement of capital. That the government has entered into an agreement with bankers. Because then Kudrin said that "in the years to return on capital in the banking sector will be higher than in oil and gas." Because then the ordinary maintenance of capital, banking operations, becoming the dominant over the production and consumption, in the domination of the whole society. The very same banking degenerated into banal usury, and, in fact - in antibankovskuyu activities. That, in turn, can spawn billionaires like mushrooms after rain. Government officials also, constantly talking about the market and freedom to create a competitive environment where the money appears in a series of all other goods, in fact, tend not to freedom, to a monopoly.Only a monopoly on the financial services market continues to create conditions in which the lion's share of the profits into the hands of bankers, as a commodity, like money, is sold at high monopoly prices. I hope now it's clear why the universities have canceled teaching economics.Vitaly Glukhov07/07/2007, the-------------------------------------------------- -----------------------------------------The financial crisis forced the presidents and politicians from different countries to talk about what all this time they are so hard to silence: the domination of the financial oligarchy of industrial production, the uncontrolled financial markets, which contributed to such large-scale collapse of stock markets and led to the bankruptcy of the oldest banks.
At a summit in Brussels, Sarkozy, speaking to leaders of 27 member states of the EU announced that it was necessary to create a "new capitalism, which will serve as finance companies and citizens, and not vice versa." Sarkozy said that the current crisis should be for all states "a lesson" from which to make the necessary conclusions and to avoid repeating the mistakes that led to the collapse. This means the need to create a new framework for the global financial system.
Other chapters of the EU also expressed the view that the financial system korrerovka several countries can not be sufficient. Need to reform the global financial system as a whole. It was also suggested that it was necessary to control the financial institutions, and for this to take action to ensure their transparency. The summit approved the creation of the Department of crisis, which, if necessary, to assist States to exchange useful information and better coordinate their actions.Only the Russian President and the members of the government cabinet stubbornly silent about the depravity of the country's financial system, banks are continuing to inflate the budget money spinning and thus inflation, apparently hoping means gold reserves (gold and foreign exchange reserves) to extinguish the crisis hit.
And that means - rescue corrupt financial system, against the interests of domestic producers and the people? This means that the country, most of the power top, plunged into even greater crisis and degradation.
16. 10. 2008.Sometimes urgent rescue tigers than banks
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