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Fitch has assessed the volume of state support of Russian banks at four percent of GDP

Fitch оценило объем господдержки российских банков в четыре процента ВВП

In 2013-2015, the Russian government spent about 3.3 trillion rubles, or 4 percent of GDP, the support and the cleaning of the banking sector, without the support of liquidity. Such data contains in materials of the international rating Agency Fitch, reports video News Service.

“About half of this amount was spent on recapitalizing working banks and the other half to rescue failed banks or their payment to the depositors,” — noted in the Agency.

The amount of capital provided by the Agency for Deposit insurance (DIA) under the program of Federal bonds amounted to about 830 billion rubles. Capital from the other structures, mostly from the national welfare Fund, equal to 880 billion rubles.

In addition, 900 billion have been granted loans from the DIA reorganized banks. Another 730 billion accounted for disbursements by the Agency to depositors of banks with revoked license, it follows from Fitch.

On 9 September, the Chairman of the Bank of Russia Mikhail Sukhov said that under the severe restrictions of the Central Bank are 75 Russian banks.

In August Deputy Chairman, head of the Chief inspection, Bank of Russia Vladimir Safronov has told about the three main problems of the Russian banks — lending to their owners, inflated asset values and fictitious capitalization.

In June, the General Director of DIA Yuri Isaev said that the Agency has spent on payments to depositors of banks that lost their licences, more than a trillion rubles.

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