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"Expert RA": in 2011 the market for asset management increased by 20%
During 2011 the market for asset management and collective investments increased by 20% to $ 2.6 trillion. rub., according to a review of the preliminary results of the largest of the Management Companies in 2011, "No hope for retail," prepared by the rating agency "Expert RA".
According to estimates, "Expert RA", in 2011, the share of pension funds in the market increased from 8 to 15%. The share of pension assets in the market, including pension funds reserves is about 40%. In 2012, the amount of retirement savings, sent from FIU in the Management Companies (directly and through pension funds), experts say the agency will exceed 200 billion rubles, which would increase the retirement savings segment from 340 to 550 billion rubles. Against the background of less predictable dynamics of the FTRA and the private IMU steady stream of pension assets to the Management Companies could lead to an increase in the share of this segment to 50% of the market asset management by the end of 2012.
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"Expert RA" has published rankings of banks as of 01.01.12
The rating agency "Expert RA" has published rankings of banks as of 01.01.12 rankings are formed on the basic parameters describing the development of the banking business, assets, raised funds, deposits of individuals, total loan portfolio, loans to natural persons, loans to enterprises and organizations that rate capital gains and assets.
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"Expert RA" rating reaffirmed the "social bank of the Volga" at the level of B++
The rating agency "Expert RA" has confirmed the credit rating of "social bank of the Volga" (SBV) at B++ "acceptable level of solvency," forecast of "stable."
Positively to the rating of the impact on customers diversified loan portfolio, a good balance of assets and liabilities by maturity on short and medium term horizon, as well as the stability of the resource base in 2011.
The decisive factor limiting the level of solvency of the bank, gave a very low level of capital adequacy. "Management of the bank announced plans to increase capital by selling new shares, but the agency does not yet have the relevant supporting documents," - says Stanislav Volkov, head of credit rating institutions, "Expert RA".
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Expert RA Research
Unit of cities
The main focus of activities to develop the theme of modernization of Russian cities planned to do, first, to develop the Strategic Action Plan in unit of cities, the founding document, at the federal level, the priorities of Russian cities, the mechanisms and sequence of their implementation. The second major challenge in this field will find, compile and promote best practices and experience of the urban environment in Russia during the All-Russian competition for the best solutions for the urban environment. Work on the Strategic Plan is supposed to build in the format of foresight, in addition to providing a series of desk studies involve the formation of research hypotheses and discuss the wide range of specialized experts, representatives of relevant authorities and businesses.
Barometer of the urban environment in Russia
In September 2011 the rating agency "Expert RA" has conducted research on the development of the urban environment in Russia. The survey involved 574 respondents in 84 Russian cities. The backbone of the respondents were listener of the Open Innovation Union (OIU, www.oiu.ru), who were asked to rate their native town, and two other well-known to them the city. In particular, respondents answered several questions related to the current level of development in the field of information and communication technologies and energy efficiency, transport and innovation infrastructure, security and social relationships.
The research does not claim to be the depth and comprehensive coverage of topics. However, according to the results it is possible to get an idea how today the Russian city meet current trends of development.
Rating of innovative entrepreneurs in Russia
Analysis of the results of Russia's first rating of innovative entrepreneurs results to dual conclusions. On the one side, 17 businessmen from 14 companies - a country with a population exceeding 140 million people - is negligible. However, it is possible to look from the other side: in the 2010 was at the Yaroslavl Global Policy Forum, we considered the task of the future with the state to grow at least a dozen companies to an annual turnover of 100 million dollars in order to bring them to the next level, where business volumes have already estimated in the billions - such companies may claim a place among the world's innovation grants.
Innovation activity of big business and innovation in companies with state participation
World practice shows that it is a business structure play a key role in the development and implementation of innovations.
Ratings of government initiatives in the field of innovation
Over the past few years the state has created a legislative and organizational carcass of the national innovation system.
Risks of the banking sector in 2011: the unjustified nervousness
The Russian banking sector remains vulnerable to external shocks. However, mass defaults banks are unlikely, and the lack of liquidity will be smoothed by the CB RF tools and proactive actions of the banks themselves.
Lending to small and medium-sized businesses in Russia slowed down
On the I half of 2011 SME loan portfolio grew by only 6.6% - 7.9% against the Corporate and 11.5% of retail trends. The reasons - decreased demand for loans at the beginning of the year and a shift in focus of the Savings Bank of Russia in favor of investment lending. According to our estimates, in 2011 the growth rate of SME portfolio will not exceed 22%. Grow faster than the market can banks ready to offer various consulting services to its borrowers.
Mortgage lending in the I half of 2011: from the Renaissance to the unknown
In the I half of 2011, the leading mortgage lenders have shown explosive growth and the volume of issuance in the 2 times higher than the results of 1H10. But in 2012 we are waiting for the market slowdown: is exhausted from a low base, reduced supply of new housing, pressure on growth rates and instability will have on financial markets. In addition, the limited scope for further price competition, so that market participants have to pay more attention to service and non-traditional sales channels.
Consumer lending in Russia: the technology against the risks
Potrebkreditovaniya remains one of the most attractive segments for the banks, despite the decline in interest rates and waiver of commissions for the I half of 2011 the volume of credit in cash and POS-loans increased 1.5 times compared to 1H10. The success of banks in the market determine the waste technology risk assessment. Therefore, private players can compete with state banks, and the majority of respondents "Expert RA" banks do not fear the release of "Sberbank of Russia" in the POS-market loans.
Compulsory insurance of GRO in Russia: prospects for hazardous
Event of the year: the introduction of OS GCO in 2012 the scale of the consequences for the insurance market is comparable only with the introduction of CTP and the crisis of 2009. Direct effects of the introduction of OS GCO: cross-selling, developing infrastructure and IT, as well as the establishment of independent experts. Indirect effects - the development of the market for corporate insurance and increased M & A in respect of insurers who have experience in the public benefit.
Ranking of insurance companies under IFRS for 2010: a commitment to transparency
Trust, but verify: the introduction of mandatory drafting and publication of the IFRS will increase the transparency of the Russian insurance market, provided that its formation and the audit will be engaged in highly skilled professionals. Otherwise, the IFRS will be to "draw" as well as some unscrupulous insurers with accounting standards. The situation is complicated by the fact that today in Russia few auditors who have experience in audit reporting under IFRS, with the observed deficit of consulting companies that can establish a process of reporting on international standards for insurance companies. According to estimates, "Expert RA", more than half the companies out of the top-25 Russian insurance market accounted for under IFRS by the end of 2010. At the same time publish its still not all.
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