The central bank reduced reserve requirements for non-core

From 1 January 2012 for non-core assets that have fallen on troubled borrowers, banks will have to pay ten percent of their reservation value. And if the assets are sold during the year, bank expenses will increase by two times in three years - three and a half times. Wrote on Thursday, April 7, the newspaper Kommersant. According to the publication on Wednesday, the Central Bank has published the final version of amendments to regulation 283-P "On the Formation of reserves for possible losses." Changes introduced the duty of banks to charge provisions for non-core assets have passed to him on the balance sheet in order of indemnity or foreclosure of the pledged loan assets. Under the amendments, the amount of provision for non-core assets will be determined for a period of finding them on the bank's balance sheet. For assets that the bank holds in itself more than a year, the reserve will be at least 10 percent of their value over two years - at least 20 percent over three years - not less than 35 percent over four years - at least 50 percent over five years - not less than 75 percent. First and foremost, it concerns real estate, which at the time of the crisis has dropped substantially in price. Thus the Bank seeks to economically stimulate banks to prompt disposal of noncore assets. This idea was first unveiled in the summer of 2010, and the original version was more rigid. Previously it was assumed that 35-percent reserve accrued within two years of finding an asset on the balance, 75 per cent - just three. As noted by Kommersant, the regulator attempts to force banks to sell out quickly accumulated their property can not conceive the result, because most banks have already responded to the tightening of preparing the transfer of non-core assets of affiliated entities.