Russian authorities have once again help the banks financially

In the near future, the Kremlin may decide to lower interest rates on subordinated loans to banks. This was told to the media Deputy Finance Minister Alexei Savatyugin. Russian credit organizations in crisis receive state support in the form of subordinated loans at a rate of 8% - 9,5%. This money was placed in the Treasury deposits with Vnesheconombank by 7,0% and 8,5% per annum. Banks that have received a crisis subordinated loans, ask about reduced rates. Thus, the Savings Bank, received the maximum support in the amount of 500 billion rubles at 8% per annum, of which he had already returned to 200 billion rubles, has repeatedly said that for him the most expensive liability. "Most likely, the rate will be reduced," - said on Friday, Deputy Minister of Finance. Responding to a question, at what level will be the new rate, Savatyugin said that about 6,25-6,75%, confirming the words of Central Bank First Deputy Chairman Alexei Ulyukayev. However, the official misspoke, that a final decision is pending. Vice-Premier and Finance Minister Alexei Kudrin said this week promised that a decision on this matter would be taken in the coming days. Following an initial consideration of the bill to lower interest rates on subordam government has given a negative opinion, because this should reduce the rate on deposit at VEB, which housed the National Prosperity Fund (NWF). As a consequence, lower returns of this fund, but they are designed to support the pension system, rather than banks, Finance Minister explained earlier.