Russian banks predicted a record profit

Profit of Russian banks in 2011 could exceed 900 billion rubles. Expect the Central Bank. This is not just a record, and almost twice the previous one. About this newspaper "Vedomosti" on Friday, May 27. Banks' profits in 2011 could exceed 900 billion rubles., If we extrapolate the results of January - April, said the first deputy chairman Gennady Melikyan on Banking Congress in St. Petersburg. For four months the banks have earned 291 billion, or half of last year's result - 573.4 billion rubles. This is the best figure in the history of the banking system, the previous record (508 billion) was in the pre-crisis 2007. If the plank is 900 billion rubles. will be taken, "it will not just be an absolute record, and almost 2 times higher than in the record-breaking year," rejoices Melikyan. This implies a 57% rise in bank profits. State-owned banks provide a more restrained assessment. Sberbank expects for 2011 revenue to increase by 27-37% to 230-250 billion rubles. VTB maintains profit forecast for 2011 at least 80 billion rubles. IFRS, said yesterday the bank's president Andrei Kostin. Last year was 55.8 billion, ie, growth is expected for at least 43%. And, for example, BIN is expected to quadruple revenue growth: in 2010 it earned 257 million rubles., The forecast for this year - about 1 billion, "We are returning to pre-crisis level - in 2007, the bank earned 1.2 billion rubles." - said Chief Financial Officer Alex Binbanka China. In this case, a "serious dismantling of reserves is not expected, the main contribution to growth and profits should give business building - the year the bank plans to increase its loan portfolio by 35%. "Interest is restored - expensive money involved in the crisis have already refinanced, and lending rates may begin to grow", - explains China. For the year - by May 2011 - the credit portfolio of banks grew by more than 17%, said yesterday the Central Bank chairman Sergei Ignatiev, which allows the Central Bank to keep credit growth forecast in 2011, more than 20%. Not very well extrapolate the results of the quarter for the entire year, said board chairman of MDM Bank, Oleg Vyugin. "In the I quarter of the banks have a good income from the growth of the stock market, in addition, to maintain high interest rates, but they reduced the margin will continue to fall only, so the results are likely to be worse" - he argues. But the main thing - profit for the quarter, I was pretty much guaranteed the dissolution of reserves, recalls deputy chairman of Absolut Bank "Eugene Retyunsky. Slightly less than half the profit for the first four months account for reversal of provision, noted last week, Melikyan. "It is unlikely that banks will continue to be just as hard to dismiss the reserves, so do not think I expect 900 billion profit," - says Retyunsky. If the banks still do not slow down, their profits will grow up to 18,5-19% of capital and 2,5-2,6% of assets, calculated Melikyan. According to calculations Moody's, return on equity fell from 23% in 2007 to 13% in 2010, and assets - from 3 to 1,7%, said analyst Yevgeny Tarzimanov. This year, these figures will recover, he says: "The main contribution to the increase in profits will give credit growth and limited growth in reserves." Scale dissolution of reserves Moody's does not expect: "This is an issue in 2012.