Kudrin predicts "good" debt

The best finance minister in the world shared his outlook on the fate of bank loans. Alexei Kudrin believes that the data of the Central Bank's stress tests Russian credit institutions that give reason not to expect worsening bad debts. The maximum deviation of macroeconomic indicators will not exceed 10% of the estimated value - this means that the situation in the banking market will be stable. According to a report by the International Monetary Fund, the reason for the optimism is improving the situation in the banking sector on the world stage. From 2007 to 2010, the amount of write-downs and reserves on overdue payments totaled $ 2.2 trillion, although this April, this figure fluctuated at a level of $ 2.3 trillion. By early 2010 the level of adequacy of bank capital has grown by 10%. In Russia, the amount of arrears of individuals to banks on September 1 totaled 7.49%. In general, bad debts in banks fell to 6.15%. There's another score: the International Finance Corporation notes the increase in delinquencies on loans in Russia. This figure could reach $ 70 billion by the end of December this year. Meanwhile, an international journal «Euromoney» Alexei Kudrin called the best Finance Minister of the year. Russian official honorary award presented to a joint session of the IMF and World Bank in Washington. According to a representative publications Pedrika Fallon, Alexei Kudrin, has made considerable efforts to establish a state stabilization fund, which received windfalls from the sale of energy. This measure will allow Russia to overcome the global financial crisis much better than expected by experts. "Russia has already been trained and able to prepare and go through this period. In this sense, this is the result, and when you see the result, already has a meeting and when he was recognized by the professional community, it is doubly important "- said Kudrin.