The problem of Russian banks in oil dependency and lack of credit history

At the last V Business Forum on Business Intelligence SAS, devoted to issues of economic growth, the problem of reducing credit risk was addressed more than once. Shirmayer Lutz, manager of SAS for business development department of banking risks in the region EMEA, told Bank.ru, why Russian banks because loans are hard to manage when it is implemented Basel III and whether to wait for the economic surge. - In Russia, a lot of bad debts, the problem of domestic banks? First of all, it volotilnost oil prices, which creates uncertainty for economic growth and lead to default customers. No oil, no work, respectively, and also pay nothing. On the other hand, this absence of any history of customers. Many people simply do not have a relationship with the bank. As a result, only 30% of potential borrowers have at least some credit history. However, this is only the beginning, Russia has just begun the learning process. - Today, representatives of banks have expressed a lot of bipolar suggestions on how to manage credit risk. Is there a universal model of protection? Unfortunately, not every bank's loan portfolio, respectively, and specificity analysis. So it is hardly possible to derive a unified formula for salvation for all financial institutions. - This applies to the scoring system? In theory this is possible, but in practice there. Same for all banks scoring only kill the competition. But do not forget that this is a pretty effective way of reducing credit risks. - Why, in Russia it is so underdeveloped? Perhaps this is due to the fact that your country as such, the banking sector was born 20 years ago. In general, I certainly surprised by the fact that earlier in Russia did not even have bank accounts. But, as I have already noted, the system is slowly changing. Perhaps this is even a plus. Sometimes the country who are just starting to take the first steps, it is easier to adjust to advanced technologies. - It is known that the recently adopted new international standards - Basel III. When will its implementation and whether it can improve the stability of banks? I think that its implementation will be completed by 2018-2020 years. Certainly, Basel II and Basel III could help banks avoid risks. For example, Russia already has a credit organization, which is administered in a progressive approach, and do it yourself. Needless to say, that in the future, these banks will benefit from Basel and III. - Well, if you take stock, we can speak about the beginning of economic growth in Russia? In this respect, it all depends on oil prices, which determine the country's economy. Of course, a slight increase is observed, perhaps the price will soon grow up. In general, I think that Russia expects quite a promising year.