President of the Association of Russian Banks, Garegin Tosunyan fears for a second wave of the crisis of overdue loans. On the eve of XI All-Russian Banking Forum in the press published a letter in which the head of Community Bankers told about the risks and problems of the financial system. Tosunyan notes that the role of banks in the Russian economy is quite modest: most lending institutions funded by their owners or the budget. Loans issued by banks are able to update the fixed assets in the best case by 10%. Most market participants still can not get state aid, a significant proportion of institutions do not have access even to the refinancing system. This makes the banks do not give cheap loans to many customers, and focus on the accumulation of its own funds to strengthen the assets. Completed treatment for fear that 30-70% of restructured loans could be problematic, leading to "ordinary destabilize the financial system."
No comments:
Post a Comment