Sberbank has taken risks on themselves

Yesterday the president of Sberbank, German Gref said at a meeting with Prime Minister Vladimir Putin said on a number of measures that the bank plans to take to restructure loans to its customers. Thus, since the new year Sberbank will provide citizens an opportunity to convert their loans from foreign currency into rubles at an internal rate of the bank. According to German Gref, the decision was made in connection with numerous appeals of citizens requesting to convert foreign currency loans in U.S. Dollars. "The citizens who took loans in foreign currency, have made baseless currency risk, when the ruble strengthened, and now many have seen the error. We are ready to exchange rate risks to take," - reports the words of Mr. Gref RIA RBC. In addition, as reported by German Gref, Sberbank will provide a deferral or installment from six months to a year for loans unrelated to mortgages for people who have lost income due to reduced workplace or in connection with the reduction of income. Savings are also considering various options for restructuring of mortgage loans guaranteed by the Agency for Mortgage and Housing Credit (HMLA). For example, the Savings Bank will provide the installment or deferred mortgage up to one year under warranty HMLA. Along with this is reviewed and the possibility of extraditing nationals, who took a mortgage loan, another loan for a year and in the amount of the annual amount of payments on a mortgage. Savings Bank continues to lend to people. In November this year, citizens have taken loans from the Savings Bank loans totaling some 58 billion rubles., Said in a statement of the bank under RAS for 11 months of this year. On December 1, 2008 the volume of loans granted to natural persons, has reached about 1.27 trillion rubles., An increase from the beginning of the year by 33,5%. The volume of corporate loan portfolio since the beginning of the year grew by 25,5% and amounted to 3.9 trillion rubles. In November corporate customers of the Savings Bank took more than 440 billion rubles. Note that the amount of provisions for possible losses on loans is 3.8% of loan portfolio and the level of overdue loans - 1,7%. Thus, the volume of bank reserves created in 2,3 times exceeds the outstanding debt, the report of the Savings Bank. "With a further strengthening of foreign currencies and the weakening of the ruble to borrowers who apply for loans in foreign currency, more and more difficult to return the loans - said an analyst at Troika Dialog, Olga Veselova. To failure on such loans did not grow in the coming year, it is easier to provide the opportunity to move now currency denominated loans. The proposed initiative Savings Bank aims to in 2009 to prevent the growth of allocations to reserves. " According to the deputy chairman of the board of the bank Uralsib Ilya Filatov, primarily a service for converting foreign currency denominated loans will be sold in Moscow and St. Petersburg, as the majority of dollar-denominated loans were given in these cities, while in the regions of borrowers preference loans in rubles. Also on the first 11 months of 2008 under RAS revenue of the Savings Bank before taxes was 146 billion rubles., Net profit - 113.2 billion rubles. Cost to income ratio (Cost / Income) amounted to 41,9%. Capital Savings Bank amounted to 1.087 trillion rubles., An increase in the current year by 60% due to net profit and subordinated loans of the Bank of Russia.