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Date: 3 months ago   Category: Finances

First rule of national banks: to tell nobody about state participation

Don't recommend to credit institutions to specify state participation in the advertizing in the joint letter of department: there can be non-market advantages of the Photo: the Central Bank and FAS have published on the website of the Central Bank the joint letter where have advised credit institutions not to draw attention of clients that the state participates in the capital of bank. It is about advertizing. Such information can make an impression that these organizations it is more reliable, than their private competitors. All this leads to emergence of non-market advantages, is reported in the letter.

Such recommendation is logical because at any crisis in the Russian banking system inevitably there is a transition of investors to state banks, the leading methodologist of Expert RA Yury Belikov: says — there Is a redistribution of resources in top-10 banks which main share is presented by state banks. It isn't any unfair competition, quite normal market criterion of stability. Unfortunately, the statistics shows big defaultness at private credit institutions which there was in our sector a majority. It is obvious that all these recommendations not to mention state participation of credit institution are submitted on somehow to support a course of the Bank of Russia towards fight against nationalization of the banking sector. The reality such is, as so about 70% of the sector is the share now of state banks therefore these measures are represented not too convincing so far. — There is some influence of sanctions — attempt once again not to shine these banks with state participation? — Personally I don't trace communication with sanctions any here. There is a course towards increase in the competition. He has been accepted by the Central Bank even before imposition of sanctions concerning Russia. All already know what organizations with state participation and what aren't present therefore similar recommendations are excessive, the president of the Moscow Partners company, professor of HSE Evgeny Kogan:evgeny Kogan the managing director of the Moscow Partners company considers "Write you don't write, but by and large it looks as a children's game in a blind-man's-buff. Well, let's play, but kind of I pound from this any. And so everything is clear where who has hidden. As for the sanctions moments if people hold money, for example, in Sber and in VTB and it is rubles, either deposits ruble, or money on the current ruble accounts, it is clear to all that there can be theoretically problems from sanctions at these banks or at other banks similar only on their correspondent accounts — where dollar assets. In the same place, where it is only about ruble operations, sanctions don't influence it in any way. As for currency accounts, deposits, it is possible to assume that it will be offered to large Russian banks to close correspondent accounts. I don't think that money because it already, sorry, casus belli will freeze (a military incident, a reason for declaration of war. — Business FM) practically. And here from the point of view of simple to ask them to close the corresponding accounts — can. Some countries already passed it when banks of these countries him closed simply corresponding accounts in dollars. So they slave



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