Savings Bank will not revise projections of reserves at the end of 2009 due to changes in economic conditions, said deputy chairman of the bank Anton Karamzin in the conference-call. Everything that was said earlier, there is. This is explained by the pace of achieving the forecasted results. According to the reporting under IFRS for the 1 st quarter of 2009 related to the reserves of the credit portfolio at the beginning of the year was 3.8%, while at the end of the quarter, this figure increased up to 5.3%, so up to the projection in 9,5-10% at the end of the year, we still far away. We see the dynamics of the Russian accounting standards, and it is from an international, I hope, is not very different, so the reason for the change projections until No, - he said.

The level of arrears Sberbank remains on a positive level. Non-credit at the end of 1 quarter of 2009 amounted to 190.7 billion rubles., Which corresponds to 3, 48%, and reserves for this time established at 5.3%. Accordingly, the ratio of reserves to outstanding loans is very high, ie, reserves exceed the credit 1,5 times , - explained the Vice Chairman of the Board of Sberbank.

In addition, according to leaders of the bank, revenue from the daughter companies in the 1 quarter of 2009 was not. The reason was the low consolidation daughters that began with last year. Then she came close to the borders of materiality for the new standards. At the moment this figure is on the border, so the amount of income immaterial - said Anton Karamzin.

Also, Vice President - Director of the Department of Finance Alexander Morozov noted that the 3 rd quarter of 2009 could be decisive in terms of how the crisis will grow, earn there mechanisms to support the lending. All of these indicators will be determined and the proportion of restructured loans in the portfolio of the bank.
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