Moody’s downgraded the ratings of the largest banks in Russia – Lenta.ru

Moody's downgraded the ratings of the largest banks in Russia – Lenta.ru

The international agency Moody’s following the decline of Russia’s credit rating downgraded seven largest financial institutions in Russia. This is stated in the agency report, published in the Monday, October 20.

The list includes Sberbank, VTB, Gazprombank, the Agricultural Bank, the Agency for Housing Mortgage Lending, Vnesheconombank, and Alfa Bank. The outlook on the long-term ratings of these banks remains negative.

His decision to Moody ‘s explain the decrease in the ability of the Russian government to provide, if necessary, support the banking system. The agency noted that the improvement in the ratings have fallen to the list of financial institutions in the near future is unlikely, and did not rule out further downgrade to a deterioration in the credit rating of Russia.

October 18, Moody’s downgraded the credit rating of Russia on one notch – from Baa1 to Baa2. The reasons for the downgrade were named slowdown in the medium term, economic growth in Russia and the ongoing crisis in the Ukraine, which impact on the Russian economy in the form of sanctions, including restrictions on the largest banks and the key companies of the defense and energy industry.

In how analysts said Moody’s, influence on the situation have low oil prices, continued capital flight and the reduction of foreign exchange reserves of the Central Bank of the Russian Federation, as well as reducing the confidence of investors, the fall in domestic demand and difficulties in accessing borrowers to international credit markets.

Sanctions Action: Moody’s has downgraded the rating of Russia – RBC

Sanctions Action: Moody's has downgraded the rating of Russia – RBC

Photo: Fotobank / Getty Images

The government has been actively demonstrate dissatisfaction with foreign rating agencies. “At present, the international financial ratings, gaining an increasingly prominent political overtones, can not serve as an objective basis for decision-making by investors against Russian companies,” – quoted by Interfax Review of Economic Development at the Bank of Russia developed a program of development of the financial market.

New rating action, the government expected from the beginning of last week. Economic Development Minister Alexei Ulyukayev Tuesday named a possible downgrade “either incompetent or biased” as “objective reasons for such a move no».

The reason for the decision to downgrade was nevertheless accepted – deterioration of the medium-term prospects for the Russian economy, analysts explained Moody’s. It is exacerbated by the continuing crisis in the Ukraine and the negative impact of international sanctions. Reduction of GDP in 2014 just will not, but around the end of the year is projected to care indicators in the red zone at least until mid-2015.

Another factor – reduced reserve currency due to capital flight and access problems corporate borrowers to international markets. For the first nine months of this year, the capital outflow from Russia amounted to $ 85.2 billion. Increased demand for the currency led to a decline in international reserves of the country since the end of last year to $ 55.4 billion – to $ 454.2 billion, in spite of the positive balance of payments to $ 52.3 billion in January-September.

In the Ministry of Economic Development does not consider it a big problem. As mentioned earlier Uljukaev, today Russia’s foreign debt – less than 3% of GDP, and the entire national debt – 11% of GDP, one of the lowest in the world. “That is, if you want such a debt can be repaid in one year,” – said the Minister.

Russia’s currency reserves are significant, recognize Moody’s, but the tension makes it necessary to provide liquidity to the private sector. According to the Bank of Russia, Russian banks and companies have to repay $ 134 billion of foreign debt by the end of 2015. Alexei Ulyukayev called realistic estimate of the volume of refinancing of corporate debt of $ 90 billion.

The downgrade will have a short-term negative effect on the market, said an analyst with Bloomberg “Alfa Capital” Andrew Schenck. But investors rather worried that will make S & amp; P, whose rating of Russia at one position instead of two, like Moody’s and Fitch, higher than speculative, said VTB Capital analyst Vladimir Kolychev.

S & amp; P revised the Russian rating downwards in April. Moody’s only in late June changed the outlook “stable” to “negative”, leaving the rating itself unchanged.

Downgrade – rather, it is a statement of fact that the difficulty in borrowing really is, the Agency’s decision not to provide special influence on the situation, says Kolychev. “Russian and foreign manufacturers, whose production in the territory of Russia, from this reduction in rating will not be affected,” – says the director of the Department of Investment Promotion and Innovation Chamber of Commerce Alex Vyalkin.

But in the long term effect of declining confidence in Russia as a borrower can be significant, fears vice president of RSPP, Chairman of the Board of Directors of “Bioenergy” David Yakobashvili: “This will create problems for Russian companies, it will be harder to get loans, go to the IPO, to participate in various projects, negatively impact on the capitalization of Russian companies. ” According to him, the slow pressure of the sanctions, “we feel like sprawling metastases».

Beneficiaries sanctions, Who shall give Russia Photo report Belarusian cheese, Brazilian chicken, potatoes and Chilean Chinese fruit – these products will replace the forbidden food supplies from the EU, USA, Canada, Australia and other countries, to punish Russia with sanctions.
 
 Under Russian retaliatory sanctions hit food supplies for almost $ 8.5 billion – as now banned products were imported to Russia in 2013. Who will benefit from Russia’s “ban on food?”
 
 For Belarus, the Russian sanctions – is Klondike, enjoyed by local officials. Turkey promises to increase exports all of its products in two or even three times, Chile and Argentina will not leave Russia without meat, and Brazil will supply milk.
           View 9 photos

CPS found E. coli in a McDonald’s in Kaliningrad – BBC

CPS found E. coli in a McDonald's in Kaliningrad – BBC

Specialists Rospotrebnadzora revealed violations of sanitary norms in two network Kaliningrad restaurants McDonald’s, including coliform bacteria. This was reported by RIA “Novosti» .

After detecting violations of the company could face 300 thousand. 600 ths. Rub. fine.

At the moment one of the two McDonald’s restaurants in Kaliningrad is operating normally, and the other closed the week on a planned renovation. The next hearing on the lawsuit Rospotrebnadzora network on November 17.

PayPal ask me introduce myself – BBC

PayPal ask me introduce myself – BBC

The payment system PayPal from November 18, introduces a new version of the user agreement, which does not allow anonymous users to get cash and spend more than 40 thousand. Rubles a month. Such a decision was a result of the May “anti-terrorist” amendments to laws on payment systems. Experts believe that the fight against the anonymity of users is an appropriate response and no effect on the profitability of services.

The payment system PayPal customers informed Russian entry into force of the new version of the user agreement. According to the rules introduced on 18 November this year, the payment system by anonymous users will not be allowed to cash out money from their accounts, as well as spending more than 40 thousand. Rubles a month. In addition, according to the “anti-terrorist” amendments to Russian legislation size single online transfers PayPal does not exceed 15 000.

disagree with the new rules of PayPal users in writing offers close their wallets until November 18.

According to company representatives to date, the system will operate by the same rules, according to which anonymous users today can not transfer, rent or cash 15 000 at a time, as well as spending more than 40 000 per month.

After the introduction of the new rules passed simplified registration, the user will have the option to cash out money from my account and spend up to 200 000 rubles per month. Those who spent a full scan of the individual, it will be possible to spend up to $ 5,000 per day.

«This is a standard regular procedure that is usually performed if you need to update the terms of service of our customers. Legislative changes – just one of the reasons for such updates, which take place not only in Russia, but also abroad, “- told” Gazeta.ru the press service of PayPal.

“It is worth noting that the amendments are seen as a whole a reasonable response to the increase in the number of illegal transactions using payment systems and will not interfere with ordinary users. Simplified procedure of identification – no doubt about it the right decision to ensure greater security and transparency of the market.

In this case, the procedures themselves are comfortable and do not take up a lot of time, while anonymous users will still be a functional “- told “Gazeta.ru” Chairman of the Association, “Electronic money” Victor Dostov.

agrees with him and co-owner Qiwi Boris Kim. “All the players in the market have entered the correct restrictions for anonymous users and specific identification rules in the fight against money laundering by means of payment systems”, – he said, “the Newspaper».

At the same time, Kim also noted that in the second half of 2014 a negative impact on business payment services have not experienced.

This is made possible due to the ease of registration, and the reluctance of users to abandon the service payment systems for the sake of anonymity .

Recall that in May came into force package “antiterosticheskih” amendments to the federal Law “On the National Payment System” and “On counteraction to legalization (laundering) of proceeds from crime and financing of terrorism».

Among the amendments contained and entered into force on 16 May restrictions on anonymous online payments and the introduction of a limit on the Internet for anonymous transfers of 15 thousand. rubles.

To pass the identification procedure to the user in real-time is necessary to provide the employee with a payment system mobile phone numbers passport number and TIN SNILS policy or MLA (optional). There is also the possibility of identification through a contract with the mobile operator and banks.

According to the amendments, on November 1, payment systems may also establish support for simplified identification, which allows users to remotely service to confirm their identity, while not presenting the necessary documents to a company representative directly. For this purpose, it is enough to pass through the Internet payment system staff your name and number of the identity document, mobile phone number and one of the identification numbers in public databases – TIN mandatory health insurance policy number or insurance number of the individual account. Another option would be easier to identify the use of electronic signatures, certified in accordance with the law.

A number of payment services has changed the procedure for identification of their users after the introduction of amendments in May. Among them are “Yandex” and Qiwi.

China lent Russia more than $ 4 billion for the purchase of Chinese goods – RBC

China lent Russia more than $ 4 billion for the purchase of Chinese goods – RBC

Photo: Fotobank / Getty Images

Having lost due to sanctions able to borrow money on the financial markets of the EU and the United States, the Russian state-owned banks found the money in China. In particular, VTB Bank has signed today with Export-Import Bank of China (Eximbank), an agreement providing for the granting of VTB loans in rubles and yuan for a total of up to $ 2 billion. Due to these funds, the bank plans to support business projects, which are the partners in the Russian and Chinese companies.

Framework Loan Agreement by the same amount ($ 2 billion) was signed today with the president of China Eximbank Yuan Sinyunom Vnesheconombank Chairman Vladimir Dmitriev.

«The agreement provides for the provision of long-term credit to finance projects implemented in the territory of the Russian Federation, including the Far East and Siberia. According to the parties, it will increase the volume of trade and economic cooperation between the two countries », – According to the report of VEB.

China Eximbank also concluded with Russian Agricultural Bank Framework Agreement for the provision of the last trade finance.

Earlier today, the Financial Times reported that Russian companies will not be able to compensate losses from the closing of the financial markets of the West through loans from the eastern partners. Sources of publications have reported cases of termination of negotiations on granting loans to Russian companies, under pressure from the government of China does not wish to enter into conflict with the authorities of the United States.

«the impression that the Chinese fear the possible political risks and at the same time not too impressed with some of the possible income that can bring them business in Russia », – told the FT the former head of the Russian representation of Bank of America Merrill Lynch Bernard Sucher.

The agreements signed today show that the Chinese have found a way to make large loans to Russian state banks more profitable for themselves. Russian banks will get the money they need, but they are not free to spend will – loans, as the report says VTB, intended to finance the import of goods and services from China, ranging from food and ending with the necessary Russian oil companies high-tech equipment.

Chapter Andrei Kostin told Interfax today that the credit line “is available for a specific project with Chinese participation».

«This is the most predictable way to start cooperation : in the first Sino-Russian relations will be built exactly on loans related to commercial operations. You can wait for the gradual development of the relationship and the expansion of credit, but in the near future the company is unlikely to move to loans not backed by foreign trade contracts. The Chinese have a lot of questions related with the understanding of the processes that are occurring, and Chinese banks were not yet in our activity. And from our side will be a definite need of preliminary work. May be some one-time deal, but a system of development of non-commercial loans in the near future should not expect “, – said the chief expert of the Center for Economic Forecasting Gazprombank Yegor Susin.

Today, however, as the CBR has signed with the People’s Bank of China’s three-year swap agreements in national currencies with the volume of swap lines 150 billion yuan. The document gives each of the Central Bank of the two countries to gain access to liquidity in the currency of another country, bypassing the need to purchase the currency markets.

«The conclusion of a swap in the national currencies of the Bank of Russia and the People’s Bank of China will promote the development bilateral economic relations by expanding opportunities for trade finance and private equity, as well as the wider use of Russian rubles, and Chinese yuan in international trade and investment. Russian-Chinese agreement will also provide an opportunity to attract, if necessary, international liquidity. Thus, it will be an additional tool to ensure financial stability “, – the report says the CBR.

Recall that 1 August 2014 the authorities of the European Union banned all EU citizens and companies to buy or sell issued by Sberbank, VTB , Gazprombank and VEB Rosselhozbank new shares, bonds or similar financial instruments with a maturity of more than 90 days.

September 12, 2014, list of limitations was significantly expanded – EU residents forbidden to provide the above-mentioned Russian banks investment services, in addition they can not perform operations with new issues of bonds and other securities issued since September 12, 2014 with maturities of more than 30 days.

Last week during IV St. Petersburg International Gas Forum, First Deputy Head of Finance -ekonomicheskogo Department of “Gazprom” Alexander Ivannikov said that at the end of 2014 – early 2015, the Company may draw the first loan from Chinese banks. “We have a completely free hand in the Asian market, and in the coming years, we will deal with the alignment of the infrastructure in this area. I think that at the end of this year or early next year, we can make a pilot deal with Chinese banks, “- said Ivannikov.

In an accident involving a bus in the United States suffered 18 people – Rosbalt.RU

In an accident involving a bus in the United States suffered 18 people – Rosbalt.RU

October 14, 2014 -> misunderstood leader Half a century ago overthrew Khrushchev. This man is mysterious triple. He arranged for a socialist revolution in the socialist countries. Despite this, people began to live better. But the popularity of the ruler fell. A prerequisite for their displacement, he created himself. October 13, 2014 -> Russia, which sank The film “Sunstroke” Nikita Mikhalkov – this is an attempt for a painfully long three o’clock explain audience: pre-revolutionary Russia sank only because all power is abused. October 13, 2014 -> We are not Switzerland Backing armies means not only regular military training, but also weapons of reservists that involves storing their weapons at home. And this, agree completely different level of trust and respect power to the people. October 13, 2014 -> Oil prices: when we will cover? desheveyuschuyu “black gold” has given rise to talk about the next “American conspiracy”. However, the situation in the oil market and no conspiracy theories is not in favor of Russia. So, we will live poorer. October 13, 2014 -> Without Nobel, but with curiosity repository No matter how much criticize Nobel Prize for subjectivity, it is still the most prestigious scientific award in the world. In this respect, it is akin to democracy – not ideal, but nothing better has been invented. Russia in 2014 was left empty-handed. October 11, 2014 -> Blame whether economists -rynochniki in crisis? Critics of liberal economic policies say that the responsibility for all the trouble lies with the “Chicago boys” who oppose government regulation. But it is – a myth. October 10, 2014 -> Man, I felt too loose On the fourth was the BBC film about Viktor Bout, which in the West is called “Russian arms dealer” and “trader death “. But the portrait was ambiguous. October 10, 2014 -> Why do we have these public figures Does Russia need NGOs if the majority of citizens, according to sociologists in their work is not involved and no help from them does not get? Should not go back to the days when the government do without outside help?

October 14, 2014 Surprises CSE-2015 Examination 2015 campaign kicks off in February. Russian schoolchildren waiting for a mandatory final essay on literature, the abolition of the “A” on the exam in Russian language and the ability to select a base or profile USE math. October 14, 2014 Mystery Donetsk airport Stubborn fighting in Donetsk airport explains the strategic importance of this object. A system of caves beneath it allows Ukrainian troops to make up the decline in manpower and ammunition. October 14, 2014 Deny God’s sake Disruptions performances and concerts have become a kind of trend in this year. However, experts warn that bans only multiply the ranks of the discontented, while the morality and patriotism of not growing. October 14, 2014 Who “merges” oil? Messages about the dynamics of oil prices and the reasons for which they are moving, begin to resemble the stories of a worldwide conspiracy. Moreover, experts have called different “target” price attack – the United States, Russia, the Middle East … October 14, 2014 The new port is needed yesterday Special Economic Zone in the Kaliningrad region can not function properly without the development of transport infrastructure. But this process has been delayed, according to experts. October 14, 2014 Payments will bring to Russia The State Duma has found a way to leave the Visa and MasterCard in our country – they will be obliged to work for the Turkish-Belarusian scheme. So deputies decided to protect themselves from the sanctions, and at the same time hide from the eyes of foreign transaction information the Russians. October 14, 2014 Almost primitive Alaska What is the “Russian Alaska” today? What is common in the lives of the different sides of the Bering Strait? Why do some Americans fear the Kremlin, while others want to live as hermits? Tells about the correspondent of “Rosbalt”. October 14, 2014 UPA now “heroes” almost officially Poroshenko made a gift to the nationalists, repealing Day celebration Defender of the Fatherland on 23 February. Now on October 14, the day of UPA, will celebrate the Day of the Defenders of Ukraine.

October 14, 2014 Hill and the lighthouse The Americans know how to make beauty accessible. Cheap motels, signage “scenic view” on an abandoned highway, walking paths. But we have beautiful places more than in the United States. October 14, 2014 chronically unhappy What inspires others, leads us to self-destruction. Food to overeating, drinking to alcoholism, hoarding to meaninglessness. Faster than others, more than others and against others. October 14, 2014 Sunstroke (2014, Russia) The new film by Nikita Mikhalkov – not an easy story that tells about the early days of the Soviet Empire and the great Russian tragedy that befell the people at the beginning of the last century. October 13, 2014 A little bit of inflation If you look closely, as changed food prices in recent months, it is hard to believe the estimates of inflation in Russia. Something is clearly not 8%.

“Naftogaz” filed a lawsuit against Gazprom to revise the transit contract – RBC

"Naftogaz" filed a lawsuit against Gazprom to revise the transit contract – RBC

«Naftogaz of Ukraine” sued “Gazprom” in the Stockholm arbitration over gas transit, reports Reuters referring to the head of the Department of reforming the Ukrainian business of Yuri Vitrenko.

The suit was a contract entered into with Russian company in 2009, the transit of gas to Europe.

A representative of “Gazprom” declined to comment on the lawsuit, saying that the Ukrainian company has such a right. In “Naftogaz of Ukraine” declined to comment, later promised to present its case in the official press release.

«We hope that our lawsuit will not affect the supply of Russian gas to Europe”, – told reporters Vitrenko.

The representative of the Ukrainian company explained that “Naftogaz” asks the court to consider his claim for payment for transportation, as well as the pumped volume. So, if the contract in 2013 had to be transported 100 billion cubic meters. m, whereas in fact it was only pumped 86 billion cubic meters.

9 October it became known that the Ukrainian authorities have changed the tariffs for pumping gas through the territory of the country. Needless decree was signed September 3, 2014. In particular, the rate of pumping 1 thousand. Cube. meters of gas to Uzhgorod on the border with Slovakia is set at $ 31.3, station Orlovka the border with Romania – $ 22.52, and to the station Drozdovychi on the border with Poland – $ 17.07. In addition to the cash component of the new rate includes 3.33% of the volume of gas pumped to compensate for the loss of technical expenses.

The document ordered “Naftogaz of Ukraine” and “Ukrtransgaz” “take immediate steps” to bring all previously concluded with counterparties contracts in accordance with the new rules. An exception is made for the company “Moldovagaz” in terms of transportation of gas to consumers in border areas.

Then in the “Naftogaz” stated that the decision “will strengthen the Ukrainian position in the negotiation process with OAO” Gazprom “and result in a contractual relationship on gas transit in accordance with the rules of the Third Energy Package of the EU. ” His Kiev must implement to January 1, 2015.

According to the existing contract between “Gazprom” and “Naftogaz”, the tariff for transit in the I quarter of 2014 was $ 2.73 per 1 thousand. Cube. m to 100 km. After an increase in the cost of gas, Russia has declared its readiness to pay for the transportation of $ 3.9. “Naftogaz” is trying to establish the contract price for the supply of $ 268.5 per 1 thousand. Cube. meters of gas and $ 3.4 for the transit of one thousand. cube. m per 100 km.

On October 21 in Berlin planned trilateral talks between Russia, Ukraine and the EU on the issue of security of gas transit through Ukraine.

The gas conflict between Russia and Ukraine has intensified in June 2014. Then “Gazprom” after chronic non-payments “Naftogaz” has translated a company in prepaid mode. De facto Russian gas supplies to Ukraine were terminated on June 16.

On the same day, “Naftogaz of Ukraine” reported that appealed to the Stockholm Arbitration Court with a request to collect from “Gazprom” $ 6 billion. This is a return funds overpaid for delivery in 2010-2014, the company said.

At the end of September the next round of tripartite talks. Then, the parties agreed that Ukraine will pay to “Gazprom” to repay its debt to $ 3.1 billion. $ 2 billion had to be transferred by the end of October 2014, and another $ 1.1 billion – by the end of 2014. Later, Energy Minister Alexander Novak said that the resumption of deliveries Kiev must pay $ 3.9 billion.

As a result, Russia has softened conditions. According to Novak, “Gazprom” was willing to receive from Ukraine only $ 1.451 billion. Kiev but still refused to pay the Russian company to resume deliveries.

“Destroy Moscow” Ukraine is covered by the Bandera rallies – NTV.ru

"Destroy Moscow" Ukraine is covered by the Bandera rallies – NTV.ru

Marks the beginning of this morning. In the city center all day develop red and black flags and nationalist slogans sound.

a procession radicals and not limited by the walls of the Verkhovna Rada had a brawl. Several hundred people began to throw the parliament and the guards smoke bombs and firecrackers.

As the NTV correspondent Ina Osipova , several thousand people gathered in the city center, they marched through the streets with the orchestra, shouting slogans such as “Bandera ?? our hero. ” They demanded to ban the Communist Party, and to recognize the heroes, heroes of the official leaders of the UPA.

In this crowd there were MPs who, on this occasion, agitated in the language of Nazism.

Irina Fahrion , MP: “We will never change this aggressor. We have one way to destroy Moscow. For this and live. For this, and came to this world to destroy Moscow to destroy this black hole of European security. I wish all of us in this election ballot shoot each of these pests life. Because they are such as in 1917 ditched Ukrainian independence ».

Now nationalists gathered in the center of Kiev near the monument to Taras Shevchenko. They’re going to prepare for a torchlight procession. Reported 20,000 participants. The city security measures. There is information that the entrance to the city bus arrested with armed militants of the “right sector”, which were sent to the city of Odessa, allegedly.

Do nationalists today is cause for celebration. Peter Poroshenko admitted October 14 Day of Defender of the Fatherland. At the same time abolished the celebration on February 23.

It was October 14, 1943 Bandera has pioneered the creation of the Ukrainian Insurgent Army. She fought on the side of Nazi Germany, but its main purpose was to cleanse Ukraine of Russian Jews and Poles. It is believed that cruelty Bandera surpassed the Nazis. They killed hundreds of thousands of Soviet soldiers, guerrillas, but more civilians just for the fact that they did not belong to the same nation.

Rotenberg priotkroyut deposits – BBC

Rotenberg priotkroyut deposits – BBC

fell under sanctions SMP Bank, controlled by brothers Rotenberg, decided to reimburse the funds affected investors MOSOBLBANK rehabilitated in their own offices. Earlier SMP bank closed most of the offices MOSOBLBANK whose investors have complained about the difficulty in returning funds. However, most of the SMP-bank reorganization helped to increase profits for the first nine months of almost three times.

SMP Bank announced the beginning of reception of documents from investors MOSOBLBANK who wish to withdraw their money from deposits. Now the money they can get in 11 divisions SMP Bank, located in six regions of the country. “Investors MOSOBLBANK can come not only in offices MOSOBLBANK, but in one of the 11 offices SMP Bank to get a refund. The whole procedure remains the same, one to one. This is done for the convenience of customers, “- said” Gazeta.ru “official representative of the bank. On rehabilitation MOSOBLBANK was announced nearly five months ago.

June 1, at MOSOBLBANK was 89.2 billion rubles. retail deposits – excluding deposits remained in the balance, is not reflected in the financial statements.

The forum banki.ru investors continue to complain about the problems with obtaining compensation under the provisions of the law 700 thousand. rubles., although the bank’s website reported that the amount of such customer can get already, “the day after the application” ( worth over 700 thousand. available from enrolling almost a month in advance). In addition, there are complaints and physical inability to get money out of the mass closure of additional offices (DOs) of the bank. According to customers, most of the offices MOSOBLBANK closed to depositors.

In particular, according to customers, in megacities Rostov-on-Don from a dozen offices MOSOBLBANK now works alone in Saratov all bank offices were closed .

When was the last MOSOBLBANK office was closed in Voronezh, when applying to a bank customer has received an offer to join the queue of the Moscow branch, even though the distance between cities – 519 km.

But even those who make it to become notorious MOSOBLBANK additional offices on the Big Semyonov, often can not get their money.

«Targeted actions in closing to have led to the fact that yesterday, 02.10.2014 at 18-57 taking a slip paper into the machine in the CO B. Semyonov, I was 401st in the queue. 401-m!

Even if the queue really only half of the people who have taken on the coupons, and teller spends on a client only 10 minutes (and only worked 2 teller) to wait for its queue, I had to wait 16 hours!

Ie. it is necessary to take their turn in the morning and spend all day at the bank, that the working man is unreal. People in the office a lot, the situation is very nervous, unhappy customers rip off anger at tellers, they are responsible, distracted, as a result of the service is even slower, “- complained in early October, another client of a credit institution, which has the money and has not received.

SMP Bank representative explained that additional offices were closed “due to their low profitability».

However, the statements of SMP Bank does not indicate if there are any problems with profitability. Moreover, according to the bank’s net profit SMP Bank in the first nine months of 2014 increased by 2.7 times compared to the same period last year and amounted to 1.86 billion rubles. against 673 million rubles. for the same period of last year (the bank’s website, as well as on the website of the Central Bank, accounting standards for the first nine months is not published yet). The bank increased profits associated with an increase in net interest income (income minus expenses and net of provisions) to 1.6 billion rubles., To 3.4 billion rubles.

The total loan portfolio increased from the beginning of the year from 97.5 billion rubles. to 179 billion rubles (50 billion rubles. of them in repo transactions). Now the bank is working with corporate clients who work in the ruble zone. In the structure of the loan portfolio is allocated lending companies operating in the securities market (27.21%), trade credit (16.60%), construction industry (10.05%) and manufacturing (11.77%).

Total assets of the Bank since the beginning of the year increased by 1.8 times to 278 billion rubles.

According to analysts, business SMP is basically built on the issue of low-risk public sector loans, which accounted for about 30 % portfolio. This year the bank was forced to doformirovyvat provisions of any part of the corporate loans, either in terms of retail (which the bank are mainly mortgage). The increase in net interest income at the time when the bank is under sanctions – not an accident. “On the one hand, the SMP has kept costs at the same level, and in some cases cut them, for example, due to the outflow of funds of individuals expensive (although now they have managed to break this trend and ensure the flow of funds of natural persons).

On the other hand, to implement the rehabilitation procedure SMP received funds at low interest rates and long term, it also helped to keep the value of the obligations of the resource base of the bank at a low level “, – says the head of the analytical department NRA Karina Artemyev.

SMP Bank in April, was introduced in the United States sanctions list, and payment systems Visa and MasterCard blocked operations issued their cards. In May, the refurbishment MOSOBLBANK SMP Bank received a loan from the Central Bank by 96.8 billion rubles. for a period of 10 years at 0.51% per annum.

State Bank co-owner Arkady Rotenberg in 2014 was estimated at $ 4 billion, it takes 27 th place in the list of the richest businessmen in Russia according to Forbes. Besides the Bank businessman owns stakes in companies “SGM”, “Mostotrest”, “Mineral fertilizers” and “Giprotransmost».

Ukraine will manage to “Gazprom” in the $ 10 billion – BBC

Ukraine will manage to "Gazprom" in the $ 10 billion – BBC

Net profit of “Gazprom” for the half year fell by almost 23%. This is mainly due to the redundant assets for the debts of Ukrainian “Naftogaz”. Experts warn that the profit for the year of the Russian monopoly will decrease by almost 40%, and only because of Ukraine “Gazprom” will lose about $ 10 billion.

According to the report of “Gazprom” for the first half 2014 in accordance with IFRS, the company’s revenue increased compared to the same period last year, 305 billion rubles. (About 12%) and amounted to 2.873 trillion rubles. Most of the increase due to the increase in revenue from the sale of gas to the countries of the former Soviet Union (46%, or 83.392 billion rubles.) And other countries (7%, or 58.777 billion rubles.).

However, net profit attributable to equity holders of “Gazprom” has noticeably decreased. In the first half of 2014 it amounted to 450.578 billion rubles. compared to 582.683 billion rubles. six months of 2013. Fall, so was 22,7%.

The decline in profits due to an increase in operating expenses, which in the first half of this year increased by 31% and amounted to 2.248 trillion rubles. The share of operating expenses in sales revenue increased from 67% for the six months in 2013 to 78%. In particular, the increased tax deductions (other than income tax), amounting in the first half of 2014 394 392 000 000 rubles. (+15%), And transit costs (+12% to 191.41 billion rubles.), But the main factor that influenced the growth of spending, was accrued provision for impairment of trade receivables in the amount of 215.832 billion rubles. for six months in 2014.

As stated in the release of “Gazprom” accrual of provision for impairment, in turn, is related to the provision for doubtful trade receivables “Naftogaz of Ukraine».

«Because of the large debt of Ukraine,” Gazprom “reserve funds, and they do not go to the accounting profit” – explains the analyst GC “Alpari” Anna Kokoreva.

Ukraine owes to “Gazprom” for a total of $ 5.3 billion (with a portion of that amount – this is last year’s debts), so that on June 16 the Russian company has translated “Naftogaz of Ukraine” for prepaid supply chain, and from that moment Kiev Russian gas is not getting. By the way, it also plays a role in the formation of profit of “Gazprom”, as Ukraine is one of the largest of its counterparties.

At present, negotiations are under way for the resumption of supplies. However, if Russia wants first partially repay the debt ($ 1.451 billion over the past year, the rest to be paid in equal installments until March next year), and then promises to begin delivery, the Ukraine, by contrast, wants to go first gas, and only then intends to pay the debts.

In the first quarter of 2014 “Gazprom” has already demonstrated a sharp decline in profits due to Ukrainian factor. For the three months profit attributable to shareholders of the company, compared to the same period in 2013 decreased by 41% and amounted to 223 billion rubles.

Then “Gazprom” also noted that the increase in operating costs ( they rose by 15% to 1.089 trillion rubles.) is mainly due to the accrual of allowance of 71.298 billion rubles. for doubtful debts “Naftogaz».

According to the expert UBS Maxim Moshkova total profit “Gazprom” on the basis of 2014 will decrease by approximately 39%.

«In the past year it was $ 39.652 billion in 2014, according to our forecasts, will be $ 24 , 37 billion – says Moshkov. – And about $ 10 billion – losses due to Ukraine (for about $ 5 billion due to the termination of supply and reserve funds for the debts of “Naftogaz») ».

The rest of the fall in profit, According to the analyst, is due to an increase in tax deductions, lower prices and a drop in gas production.

China Exim Bank will provide loans to RAB by $ 300 million – Reuters

China Exim Bank will provide loans to RAB by $ 300 million – Reuters

MOSCOW, Oct. 14 – RIA Novosti. China Exim Bank will provide Russian Agricultural Bank (RAB) credit line by $ 300 million to finance projects and trade contracts in agriculture, as well as investment in infrastructure development of agriculture, according to a press release of the Russian bank.

“In addition, loan funds may be used to finance projects related to cross-border trade in energy, machinery, electronics and high-tech equipment, as well as projects in the construction industry”, – added in the release.

On Monday, Vnesheconombank and VTB Bank entered into with the Export-Import Bank of China framework agreement involving lines of credit, and Agricultural Bank – an agreement to provide trade finance.

the United States and the EU previously imposed sanctions on Russian politicians, businessmen and companies, including restricted access to their capital markets, Russia’s largest financial institutions (Sberbank, VTB, Gazprombank, RAB and EBV).

Ministry of Finance of Ukraine: to restore the Donbass will require at least $ 2 billion – Kommersant

Ministry of Finance of Ukraine: to restore the Donbass will require at least $ 2 billion – Kommersant

                             
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Finance Minister Oleksandr Shlapak said that on

recovery controlled by Ukrainian law enforcers areas of Donbass, which were destroyed in the course of a special operation organized by the Kiev authorities, will require at least $ 2 billion.

« Unfortunately, today there are two “Donbass” . If we talk about the territory, which is controlled by Ukraine, the preliminary estimates, to restore it will take about $ 2 billion. To the donor conference, which we plan for December or Kiev, or in Brussels, the Ukrainian side will already have a project ready “- quoted Mr. Shlapak news “Ukrinfrom».

Kiev to raise the necessary funds in December intends to convene a “donor conference”. Finance Minister said that first of all, we are talking about rebuilding infrastructure and water supply, gas pipelines, as well as the housing stock, “crippled” during a special operation of the Ukrainian authorities.