Kudrin urged the banks to be cautious

Vice-Premier and Finance Minister Alexei Kudrin believes that the Russian banks early to dismiss the reserves that are created for possible loan losses. "banks have accumulated reserves of 2 trillion rubles, in the case is not so good situation, or even re global recession is not so much. These two trillion might be needed ", - Kudrin said, speaking at a banking conference. He urged the banks to be cautious:" Go ahead, but be careful. "Banks began to dramatically increase reserves, as it was rapidly deteriorating loan quality. That is, increased delay, there are more distressed debtors. But the increase in reserves reduces the profits of banks, since the money will not be embedded, they lie dormant. Therefore, some banks with the improvement of the situation in the financial sector has been gradually reducing the amount of reserves. According to Kudrin, the growth of bank loans Russia in 2010 could reach 5-10%. Moreover, 10% - this is an optimistic forecast, "he said.