Date
Author
Елена ХУТОРНЫХ; Наталья РОМАНОВА
Source
Preserved copy
Translated material
Insurance from clients
Russian banks will pay less for private investors
Russian banks offering private deposits to the population may begin to contribute less money to the insurance fund this year. In mid-March, the Deposit Insurance Agency intends to consider the issue of reducing the financial burden on credit institutions. If the DIA board of directors makes a positive decision, new rates for banks will begin to apply in the second half of the year. Bankers welcome the agency's initiative, but State Duma deputies propose to first increase the amount of insurance coverage for deposits and only then give relief to banks.Deputy Director General of the DIA Andrei Melnikov spoke about the agency’s plans yesterday at a meeting of the Budget Committee of the Federation Council. The question of how much the rate will be reduced is still open for discussion, Mr. Melnikov noted. However, DIA General Director Alexander Turbanov already spoke about a possible reduction in tariffs for banks at the last meeting organized by the Rossiya Banking Association.
Now banks pay the maximum amount allowed by the law on deposit insurance: 0.6% per year of the volume of private deposits placed in the bank, that is, 0.15% per quarter. The deposit insurance fund is already 41.2 billion rubles, but the DIA has paid out only 32 million rubles from it. to meet the demands of depositors. According to Mr. Melnikov, the current funds of the fund are enough to simultaneously pay off clients of approximately 500 of the smallest Russian banks. But, of course, the fund does not yet cover the obligations of Sberbank, the monopolist of the deposit market. In this bank, the deposits of individual resident individuals alone amount to about 2 trillion rubles. Almost 66 billion rubles. in the accounts and deposits of individuals was placed in VTB-24 Bank at the beginning of the year. Let us note that in total more than 3.3 trillion rubles have been accumulated in Russian credit institutions. The DIA's readiness to reduce banks' contributions to the fund indicates that no one is seriously considering the possibility of bankruptcy or liquidation of major players in the near future.
“The idea of reducing contributions to the deposit insurance fund with an ever-increasing amount of compensation for citizens’ deposits once again proves that our calculations when creating the insurance system were correct,” says Andrei Emelin, executive vice president of the Association of Russian Banks.
Now the amount of insurance compensation for deposits is 180 thousand rubles, the State Duma may soon approve an increase to 300 thousand. “Already on Thursday this bill will be considered at a committee meeting and recommended for adoption in the first reading,” promises the first deputy chairman of the banking committee State Duma Anatoly Aksakov. In addition, the deputy proposes not to reduce bank deductions, but to raise deposit guarantees immediately to 400 thousand rubles, and after some time (two to three years, according to DIA calculations) to 600 thousand rubles. And only then consider the issue of reducing deductions for banks. “Proposal to increase guarantees to 400 thousand rubles. the bill can be introduced for the second reading,” Mr. Aksakov said, adding that in this way more depositors can be attracted to banks.
Mr. Melnikov noted that the agency considered two options for the further formation of the fund. The first is to reduce bank contributions and leave the amount of insurance coverage unchanged. The second is to increase the amount of compensation to depositors this year and leave the same deduction standard for credit institutions. “In the current situation, we want to discuss the second option,” says Mr. Melnikov. “And after some time, when the volume of the insurance fund reaches the required level, the amount of payments may be raised.”
Bankers consider today's contribution rates to be very high and expect that the DIA will significantly reduce them. “The current amount of contributions to the DIA is noticeable for banks, we hope that it will be reduced significantly,” says Vadim Yudin, head of the department for the development of deposit and commission products at Alfa Bank.