In the rigid framework of the crisis

The era of "credit boom" when the banks in the pursuit of market share soften the conditions for granting loans and weakened the requirements for risk management, have passed. To such conclusions analysts of rating agency "Expert RA" in his study of "bank risk management: a post-crisis knocked out", whereby 40.7% of the surveyed banks tightened the conditions for granting loans to legal entities, borrowers, and 51,8% - individual borrowers . Market participants say it is the necessary measures to protect banks. Questioning 28 banks, including "Renaissance Capital", Russ-Bank, Sobinbank, LOKO-Bank, Petrocommerce, TransCreditBank, national bank "Trust" and URSA Bank, analysts "Expert RA" came to the conclusion that the first reaction of the banking sector, the crisis has tightened credit conditions and increased rates. Over 70% of the respondents have raised rates on loans for legal entities, 62,9% - for loans to small and medium-sized businesses and natural persons. In this case, 37% of respondents used the "established connections" with the contractors to attract additional deposits. To improve risk management in lending to the banks of natural persons actively using scoring models. "The experience of the retail business has shown that the scoring method for assessing the financial position of the borrower can reduce operational risks, optimize labor costs and eliminate the human factor in deciding whether to grant loans," - said the director of the directorate risk management unit for small and medium-sized businesses NB "Trust" Gregory Vartsibasov. As a tool to manage liquidity risk in addition to the methods proposed by the Central Bank, banks actively use stress testing (70%), the analysis of duration or gap-analysis. Now, banks prefer conservative strategies. "September systemic shock corrected them in the direction of even more conservative - the director of the Department of ratings fininstitutov" Expert RA "Paul Samiev. - Amount of market risk to total capital declined, according to CB, with 45,1% as of January 1 to 40, 4% on 1 July this year. " Banks do not have much trust the domestic stock market and minimize the risks of speculative portfolios. The banks are willing to seek additional liquidity auctions repos and interbank market and to sell liquid securities portfolio. Interest rate risk management for 56% of the respondents is the most important, on the second place there is currency risk and the third - the stock. "Turbulence in the market interest rates led to an increase in interest-rate risks that have grown from 1 January 2007 to 42,9% to 66% in July of 2008," - says Pavel Samiyev. "One of the main tasks for today - is to improve the effectiveness of efforts to prevent fraudulent transactions," - says the chairman of the bank "Renaissance Capital" Alex Levchenko. Separately, it is worth noting that last year's rate of growth of employment in the risk departments was 102% while other only by 29%. In some banks the number of risk managers more than 15% of the total number of employees, on average, this figure has risen from 1 to 1,7%. Table 1. The reaction of the banking sector on growth in borrowing costs manifested primarily in growth rates on credit products, benefiting from the measure of proportion of those surveyed banks,% increase in interest rates on loans to corporate borrowers 70.37% increase in interest rates on deposits 66.67% increase in interest rates on loans IBU 62.96% increase in interest rates on loans to natural persons 62.96% Stricter requirements for individual borrowers 51.85% slowdown in the resource base of the Bank's 44.44% slowdown in the loan portfolio 44.44% Stricter requirements for corporate borrowers in 1940 74% increase in interest rates on their own bills 37.04% Bank used the well-established relations with the contractors for the additional placement of their deposits in their 37,04%