By the end of 2010 RAB (RSKHB) showed the worst result among the state banks, its net profit amounted to only 369 million rubles. Profit of the bank fees have eaten into reserves for possible losses on loans - overdue loans has almost doubled. Wrote on Friday, 6 May, the newspaper Kommersant. In RSKHB explain this deterioration of borrowers due to last year's drought. Other banks that issue loans to agribusiness, such a deterioration in their quality does not say, but business RAB hampered by the fact that it performs the function and development institution, say experts interviewed by the publication. May 5 RSKHB published the results of the 2010 International Financial Reporting Standards (IFRS). According to them, the net profit RSKHB in 2010 totaled 369 million rubles. compared with 251 million rubles. a year earlier. Compared with other state banks, who discovered the data reporting under IFRS for the year 2010, the results RSKHB look more than modest. Thus, the Savings Bank in 2010 showed profits 181.6 billion rubles., VTB Group -54.8 billion rubles., Gazprombank Group (GBO) - 66.3 billion rubles. Earnings RSKHB could be much greater if not for charges to reserves for loan losses, nearly all of its operating income (97%) went to the contributions to reserves - analyst ratings agency Fitch Vladimir Markelov .- Yield same business RSKHB even higher than any other state banks, for the year of its net interest margin, according to our method of calculations was 6.89% (Sberbank - 6.6%, VTB - 5,1%, GPB - 2,5 %.)». At year-end reserves RSKHB loan impairment amounted to 57.02 billion rubles., D spending increased more than twofold, to 28.5 billion rubles. Other state-owned banks, by contrast, reduced allocations to reserves. So, Sberbank decreased the allocation to reserves at 235 billion rubles. VTB - at 103.1 billion rubles., GPB - at 24.2 billion rubles. The reason for the growth of allocations to reserves RSKHB was a significant deterioration in the quality of its loan portfolio. During the year the share of NPL (loans overdue by more than 90 days) increased from 4.29 to 7.58%, while other state-owned banks showed improvement loan portfolio quality. "Due to adverse weather conditions in the third quarter of 2010, many agricultural crops have lost some of that negative impact on their ability to service debt to the bank, - the materials RSKHB .- As part of the state program to support farmers affected by drought in 2010, the Bank implemented rollover loans for up to three years, these operations have been reflected in the volume of bad debts on the credit portfolio. " In the late summer of last year RSKHB estimated that the drought affected about 5.5 thousand of its borrowers, who may require extension of credits worth about 32 billion rubles. In IFRS reporting bank does not disclose the amount of extended credits. However, within the framework of support for entrepreneurs affected by the drought, prolonged credit not only RSKHB. According to the deputy chairman of Sberbank Andrey Don (the volume of loans of the Savings Bank of agricultural and food sector accounts for 585 billion rubles. That is comparable to the combined portfolio RSKHB - 688 billion rubles.), A sharp rise in overdue loans to agricultural enterprises were not. "We have a share of overdue credits to agriculture is about the same level as the corporate portfolio as a whole - said findirector VTB Herbert Moos .- Compared with RSKHB our portfolio agricultural sector is small (81 billion rubles.), And basically our borrowers - these are big companies that are able to properly serve the loans. " "Unlike Sberbank and VTB, RSKHB is a mixed function of the bank and a development institution and has duties to the state to support agricultural producers, - says Vladimir Markelov .- While other state-owned banks can choose to borrowers of the largest sustainable industries that RSKHB lends to all category of borrowers, including small businesses and farms, which can not but affect the quality of its portfolio. "
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