Related articles:
Because of sanctions and, as a result, restricted access to foreign capital markets, foreign exchange liquidity situation in the banking system has deteriorated. This opinion was expressed by the head of Sberbank German Gref, speaking to reporters after a meeting of the Supervisory Board of Sberbank.
«the banking system and enterprises need to find other options for funding currency, – he said. – There is a problem of foreign currency liquidity: we have an obligation and our clients in the currency that you want to perform. We are now considering all options to attract foreign currency liquidity, including by raising the rates on foreign currency deposits, as we are studying ways of attracting foreign currency liquidity from the Central Bank. ”
Chairman of the Bank of Russia Elvira Elvira said Friday that some tension with foreign exchange liquidity in connection with the closing of foreign markets exist. “We are seeing a situation, – she said. – In our view, at the moment there is no need to enter any additional tools, but we have all the possibilities to solve this problem, when the need arises. ”
The fact that the market there is a shortage of foreign currency liquidity, RBC previously told top managers of banks. Problems with lack of currency observed in those banks that actively lend in foreign currency. Representatives of several banks told RBC that replace foreign currency loans denominated in rubles. “We offer our clients rubles, with which they can perform the operation swap, ie to exchange rubles for foreign currency – shared the manager of one of the state banks, adding that all of the decision to grant foreign currency loans taken centrally through the main credit committee – this allows more carefully selected borrowers. ”
Credit manager of another State Bank said that the number of borrowers bank offers rubles instead of currency. “All carefully look at the current situation and are trying to choose your clients with the right margin and strong financial position,” – said the banker. Due to the fact that the market has become less currency and corporate clients placed less funds between banks, competition for their funds, as a result, almost all state-owned banks have raised rates on foreign currency deposits of legal entities.
Also, foreign exchange deficit has led to the fact that they began to borrow from the Central Bank currency for rubles. “About a month ago in the money market appeared stable demand for the currency in which interest rates on dollar loans overnight, that since the crisis of 2009 were at zero, rose up to 0.5-1% and kept stable at this level,” – explains the head of treasury Metallinvestbank Selim Agarzaev.
Natalia Starostin Siranoush Sharoyan
September 12, 2014
RBC
No comments:
Post a Comment