Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
Donald Trump takes office as 45th US PresidentWorld January 20, 18:21
“Now, 66 of the country’s banks, not taking into account affiliates of foreign credit organizations, exceed the 20% limit on granting loans to their owners, which will be imposed next year,” Sukhov said.
Sukhov said that 16 banks out of 66 have capital of over 5 billion roubles ($142.8 million).
Sukhov also said that 30 largest banks’ capital adequacy will not suffer if they incur losses of up to 1 trillion roubles ($28.5 billion).
“Although the capital adequacy level is comfortable, a little bit less than 13%, but if we try to proportionate capital reserves which banks have to the potential risks and losses, the reserves will seem not so big,” he said.
“The difference between the current capital adequacy and the capital which banks would have in case of losses stands at about 1 trillion roubles ($28.5 billion). This means that the capital of 30 largest banks can stand losses of about 1 trillion roubles ($28.5 billion) without breaching the capital adequacy rules.”
The central bank is considering allowing floating deposit rates to help banks assess their risks better, he said.
The growth of retail loans amounted to 20% annually in June, which Sukhov called acceptable. Soured loans accounted for 3.3% of credits granted by five largest banks and to about 6.6% with the rest of the banks, he said.