Currently, the banking sector, the situation is stable, the outstanding debt is growing, but not as rapidly as predicted. , Said Alexei Kudrin, Russia's finance minister, in an interview with Industrialist of Russia.
According to Kudrin, private deposits now stand at about 6.5 trillion rubles, including the first 30 banks - 5 trillion. The banking sector has sufficient margin to effectively confront the challenges it faces, - explained the Minister.
According to Kudrin, the restructuring of the banking sector will be gradual.
The country may cease to exist for about 50-100 banks annually in the next two years - he explained.
In his view, the loss of the domestic banking system in crisis were quite moderate. The number of banks decreased by 42, or 3.7%. Outflow of deposits, which fell for the fourth quarter of 2008, confined to 7.8% of the total volume of deposits attracted people and was due to a greater degree of devaluation expectations, rather than fears for the stability of banks' - Kudrin said.
According to Alexei Kudrin, the number of mergers and acquisitions of banks in Russia will increase in coming years, but this process will not be an avalanche.
In addition, the Minister of Finance noted the effectiveness of anti-crisis infusion of funds into the banking system. Without them, he says, we would not have an instrument for maintaining credit to the economy. The volume of credits to 12.8 trillion rubles to enterprises at the beginning of this year increased slightly, the process of refinancing, he said.
Waiting reporting JP Morgan today can accelerate the paper banks
Russia at the opening of the market will recover its position due to costly oil and the younger American futures
Evening trading on FORTS have shown growth of quotations, the December contract on RTS index has risen in price for 1,21%
From corporate reporting today can provide the publication of the American market before opening a report JPMorgan Chase
On Wednesday, the futures market gap can make up 1-1,5%
Cargo NCSP for 9 months of 2009 increased by 8,1% and amounted to 65 218.8 thousand tons
Yesterday, the euro /dollar at the American session down from the level of 1.4874 to 1.4796
Stock exchanges in Asia-Pacific region today demonstrates the growth indexes on the background of reporting on profit IT-giant Intel
Heads of CIS governments will adopt a plan to overcome finkrizisa