Ministry of Finance has beguiled

In October, the population of the visor from the deposits in the Savings Bank 95 billion rubles., And in November, the bank reduced balances of legal entities. During the month the balance of legal entities decreased by 84 billion rubles. and on December 1 was 425 billion rubles., said yesterday the state bank. In fact, Russian companies have to keep in the bank more money. "In November, expired deposits totaling 100 billion rubles. In which the auction were posted from the federal budget. Refunds of these deposits has led to a decrease in the balance of legal persons" - is explained in the report of the Savings Bank. When they were involved in these deposits, the representative of the Savings Bank said he could not. Among the ongoing Treasury auctions on placing of budgetary funds on bank deposits have been only two money back in November and the introduction of the previous months: 30 September and 7 October the Ministry of Finance allocates 200 billion rubles. for five weeks. But in the September auction, the date of making money - October 1. In October Savings deposits of legal entities increased by 51 billion rubles. - From 1.785 trillion rubles. to 1.836 trillion rubles. It turns out that without money the Ministry of Finance at the Savings Bank has been an outflow of deposits of legal entities in October - the month when the whole market has been a massive outflow of deposits due to panic, says analyst URALSIB Leonid Slipchenko. The volume of deposits of natural persons in the Savings Bank in November has not changed - 2.92 trillion rubles. against 2.9 trillion rubles. a month earlier. Remained at the same level and loan portfolio of the population - 1.27 trillion rubles. Net profit of Sberbank in the 11 months amounted to 113.2 billion rubles., In November it rose to 0.2 billion rubles. (RSA 11 months of 2008). Earned less than the state bank and over the same period last year - net profit on 1 December 2007 stood at 118.4 billion rubles. Bank in its report explains this lower income from portfolio securities in the global crisis, a significant amount of income received in November last year in the implementation of a substantial portfolio of Russian Eurobonds maturing in 2018 Outflow of funds Treasury Savings Bank is more than compensated for the subordinated loans of the Central Bank at 500 bn. says Slipchenko. According to him, in general, the outflow of deposits is disappearing. All the banks share of the state in deposits had grown and the Savings Bank is no exception, says chief economist at Alfa Bank, Natalia Orlova. Worse, the net profit of Sberbank in November has not changed, continues Slipchenko, especially since the stock market during the month fell not by much. Orlov said negative aspect inhibition of growth of credit portfolio of natural persons: "November - the first month, when the Savings Bank has reduced the lending activity." Net profit of Sberbank under IFRS this year will still be higher than in 2007 - $ 4.9 billion versus $ 4.16 billion, predicts Slipchenko. Orlova expects net profit State Bank of IFRS for 2008 can be 10% lower than in the past - because of losses on the securities portfolio and the need to form a caterer.