Russian banks have not passed the stress test

Russian banks were not ready for a repetition of the crisis events in 2008. Writes about this on Tuesday, May 3, Vedomosti newspaper, referring to the stress test of the Bank of Russia. In case of recurrence of financial turmoil three years ago, nearly a third of Russian banks would violate the norms of the Central Bank, after which the regulator would have to deny them a license. Stress test the regulator has shown that such a scenario, the banking system will lose half of the capital. A built-in stress test scenario requires an outflow of deposits at the level of 10-20% (as at October 2008). Stock indexes have half collapse, and the ruble - to depreciate by 20% (2008: RTS and MICEX lost 71.4 and 66.5% respectively, and the ruble depreciated by 16,8%). The Central Bank believe that because of the growth delay for loans, banks can lose nearly a quarter of the capital. Impairment of securities would deprive banks have 12.7% of the capital, and the outflow of funds of clients and interbank lending takes 13,8% of capital. As a result, at 321 Bank's capital adequacy ratio falls below a minimum level of 10%. For these banks, according to estimates regulator, has 50,8% of banking assets.