Bank Research by Expert RA
| Title | Summary |
| Bank ranking by Russian Accounting Standards, 2008 | Another year of growth: formal results of the Russian banks operations in
2008 present no room for fear or even serious alarm. Consolidated assets went
up by 39% (in 2007 - by 44%), same as bank assets to GDP (62 to 67%), and own
capital (increase by 43% comparing with 58% in 2007). The figures look
impressive - "bad assets" in bank balance sheets amounted to mere 1.5%.
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| Bank deposit market: crisis gives encouragement | Instability on the national banking system complemented by negative
information from international financial markets interrupted progressive
movement of population savings attracted by banks. The bank deposit market went
out of balance and for the first time in the last four years showed signs of
panic among depositors: amount of deposits in September went down by 1.5%.
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| Financial stability of Russian banks: size or specialty? | The Russian bank market is affected by ups and downs at the international
markets, liquidity problems, political instability and poor institutional
regulation (usually noted by Western analysts). American rating agencies in
their recent reports gave very low assessment of the Russian banking system
regulation and stability level - not just below advanced economies, but next to
the least developed countries of the world. We do not find the situation so
dramatic. Recently domestic banks have demonstrated reasonable success in
developing risk-management systems, often showing financial and profit
indicators higher then in the West. Quality regulation has been progressing
even more speedily and efficiently than might be expected.
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| Bank deposit market: modern status and consumer preferences | Turbulent development at the world financial markets is of no serious
danger for the banking sector. After a long period of macroeconomic stability
the Russian banking system has reached the trajectory of sustainable
development. Presently domestic banks are less vulnerable to outside risks than
it may be expected by many. The world financial instability may cause failures
in supporting liquidity (although CB has acquired efficient command of dealing
with the issue) and losses in market and currency risks (which, according to
our conservative calculations, would not exceed 7% of the banking system
capital).
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| THE BANK CHANNEL GONE DRY: The bank insurance market in 2008 | The bank insurance growing trajectory was cut short by the crisis. The
bank insurance market showed 31% growth in 2008 against 2007 to achieve 90 bln
rubles. But, according to Expert RA, without the crisis the increment might
reach 50-55%. The growth was mostly attributed to retail types of insurance,
same as in the past, covering about 80% of all contributions
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| Russian banks in the first half of 2008 | CB fights inflation: increased re-financing rates and norms of mandatory
reserves, approved in February, gave a start to more rigorous monetary policy.
CB managed to hold proper balance between fight against inflation and banking
system stability. To control growing monetary mass and curb inflation, CB
introduced a powerful instrument of mandatory reserves. Increase of 5
percentage points within less than a year (October 2007 - September 2008)
related to liabilities of credit organizations to non-resident banks.
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| Banking risk-management: post-crisis knockout | The world financial crisis proved to be much more profound and lengthy
than was ever expected by anybody including bank risk-managers. The best way to
protect from risks in time of current ambiguity is to cut down credit
operations and go liquid to the maximum extent. The world commodity and stock
markets try to regain balance - making goals and purposes of risk-management
quite vague.
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