The Russian market for the last 2 years took about 27% of the banks, of which the bulk is not small, but average in terms of assets. These data led chief analyst of Sberbank Mikhail Matovnikov at exit meeting of Committee on interaction with minority shareholders of the Bank in St. Petersburg.
“There are very serious developments in the banking system, it is possible to speak about full-fledged banking crisis: just over two years since the market took about 27% of the banks. Moreover, contrary to the opinion of many, the main attack took over not so much the smaller banks, for example, 500-e and smaller assets, how banks medium-sized (50 and below”, — TASS quoted the expert.
In his opinion, this is because such banks are more market and depended on the loss of customer confidence. In the presentation of the economist, presented to the shareholders, States that in General the number of banks reduced from 922 (at the beginning of 2014) to 697 in may 2016.
The problems also affect large banks, because the rules of the game on the market in 2015 is radically changed, said Matovnikov. “It used to be that if a Bank is more or less large, then it certainly is not fail”, but “all this changed with the bankruptcy of Probusinessbank”, which the Central Bank of Russia revoked the license in August 2015, despite the fact that he was himself; three banks, he said.
The next “line of defense” was the conviction that if the Bank serves an important enterprise, such as defense or space industry, — then surely it does not expect difficulties. However, was revoked the licenses of NOTA-Bank, which served “much space”, said the expert.
And “the last straw”, he said, was a revocation of Vneshprombank, which was close to the top 30 largest and catered to the “sign” of clients, including individuals, he added. Clients send their money to larger banks,” and “I don’t know how banks can be trusted”, stated Matovnikov.
In his view, all these events cost the Russian economy is “very expensive”. “Over the past two years on the recapitalization of banks was spent a trillion (rubles), and if you include the money spent on the Bank then it is approaching the figure of 1.8 trillion. The Bank bailout cost is also almost 900 billion. ASV we have completely lost their funds, payments for two years are approaching 700 billion”, — added Matovnikov.
In his presentation stated that, in General, the banking crisis 2014-2015 “has already cost the Russian economy at 3.4% of GDP.”
