Deposit insurance seemed the central bank expensive

Investors might be held partially responsible for the selection of the bank when placing a deposit, said Thursday the Central Bank first deputy chairman Gennady Melikyan. The fact that customers often do not think about the financial sustainability of the bank, which are contributions, and look only at the rate confirmed by last year's record payment of the Deposit Insurance Agency (DIA) to depositors of banks with a revoked license. However, at low rates of imposition of restrictions on deposit insurance can negate their growth, which is already slowed down. Wrote on Friday, May 27, the newspaper Kommersant. The Depositor shall be responsible for choosing the bank increases its contributions to excessively high rates and conducting high-risk policy, said the first deputy chairman Gennady Melikyan. "Maybe until the feasibility of introducing the principle, which partially responsible for the selection of the bank is itself the investor", - said Mr. Melikyan. This is the introduction of a graduated scale, when the insured is not the whole amount of the deposit, but most of it. "Today, if the size of the contribution is within the insured value (700 thousand rubles.), People do not pay attention to reliability and stability of the bank - look only at the rate of interest, or other decoy human condition" - said Melikyan. 2010 gave regulators a reason for concern: in connection with reviews of bank licenses DIA had to pay out the deposit insurance fund 15.1 billion rubles. That is three times more than in 2009. The head of the DIA, Alexander Turbanov called this increase "is not the trend, but a criminal force majeure". "On the sum of insurance payments to us," urinskie the banks have presented a surprise "- he declared in February. In the banking group consisted of Matthew Urine Slavic Bank (Moscow), Trad-Bank (Moscow), Donbank (Rostov region), Bank Mint House "(Chelyabinsk) and Uralfinprombank (Ekaterinburg). Payments to depositors of these banks totaled a record for the amount of DIA - about 10 billion rubles. Already this year, lost their licenses to two more banks that belong to the same group - Sotsgorbank and Multibank. All these banks are aggressively building up deposits by offering sufficiently attractive rates. The banks, whose financial situation is far from perfect, can boast of growth of deposits of citizens in times of a few months, pointing to the DIA. After the first quarter of 2011 caused particular concern DIA 29 players, whose excessive activity looks unnatural. Rates on their deposits exceed 10% (in the top ten players average rate of 8,3%). As explained yesterday, Gennady Melikyan, "much faster than the average deposit growth of the population is increasing the amount of funds in those banks whose asset quality, to put it mildly, not very good." "Some banks are among the distressed, or those who belong to the third classification group, increasing contributions rates by 80-100% per year" - he said. In the small banks (with the volume of deposits 1.2 billion rubles). The most aggressive growth in deposits of natural persons in the first quarter showed Benefit Bank (1713%), Novokib (1306%), "Development" (221%) , DnB Nor Monchebank (255%), Guta Bank (141%), "Growth" (+122%). Moreover, some major players of retail deposits decreased (from the Bank of Moscow - on 11,4%, in MDM - 8% in Rosbank - by 4,7%, at PSB - by 6,4%. The growth showed only Sberbank (2.7%), VTB 24 (7.7%), GPB (5.3%), Raiffeisenbank (7.6%), Alfa-Bank (4%). With the introduction of low rates of partial responsibility of the depositor for the savings can make deposits unattractive. "and so now the market of retail deposits is growing quite slowly," - indicates the deputy chairman of the board of bank "Revival" Oleksandr Dolgopolov. "Such an initiative would further weaken the interest of depositors to place funds in banks", - continues to deputy director of the DIA Andrei Melnikov. "If a crisis, in the case of introducing partial responsibility saver will not wait, will stand the bank or not, and immediately run to withdraw money, so as not to risk" - he adds.