Private banks will lose the right to maintain accounts of organizations receiving federal funds. But the banks president Vladimir Putin friends who fell under the sanctions would be an exception
The Ministry of Finance proposed to limit the number of banks that are allowed to conduct operations with federal budget funds and three extra-budgetary funds (Pension Fund, Social Insurance Fund and FFOMS), such as service sector wages. A draft government decree was published this week on the official website regulation.gov.ru. One of the mandatory requirements, which will have to meet the banks – being under the control of the Government or the Central Bank and the entry in the list of banks that are allowed to maintain accounts of strategically important enterprises (such banks are now 27). This means that private banks serve the ban transactions with budget money. But for some of the banks will be an exception.
Banks that are subject to international sanctions, will be allowed to operate with budget money, if adopted separate decision of the government. In addition, these banks must comply with all other requirements, including – capital of no less than 25 billion rubles. ( see. incision). The only private banks under sanctions with capital of not less than 25 billion (according to the 123rd form CBA) – is a “Russian” Bank, controlled by Yuri Kovalchuk, Nikolay Shamalova and Gennady Timchenko, and SMP Bank, the brothers Arkady and Boris Rotenberg. All these people, President Vladimir Putin said in April 2014 for his “good friends, friends».
A source close to the Ministry of Finance, confirmed that the inclusion in the decision of sanction banks project due to the fact that these banks need support for the US and EU restrictive measures. Such banks are required to address themselves to the government, which will consider the request and make a decision, the source said. SMP Bank really meets all the requirements proposed by the Finance Ministry, and therefore will be able to work with the budgetary resources confirmed RBC representative of the bank’s press service. Now SMP Bank actively cooperates with public sector entities in terms of crediting of subjects of Federation and municipalities, among the top five for this indicator, he added. According to him, SME Bank has a right to attract pension funds, funds of health insurance companies and the insurance companies investments. Representatives of the bank’s press-service of “Russia” did not respond to calls RBC.
Banks wishing to maintain accounts of budget organizations should be at the same time meet the five Finance requirements:
– have a general license of the Central bank to conduct banking operations,
– have the amount of capital is not less than 25 billion rubles,
-. be under the direct or indirect control of the Central Bank or the Russian Federation (to be compiled by the Central Bank of the list of organizations that are allowed to work with strategically significant organizations – there are now 141 banks, of which state-controlled – 27),
– to participate in the system of mandatory deposit insurance,
– not to have sanctions on the Central Bank for violation of mandatory standards
The Ministry of Finance of the project we are talking about “operations with the means of the federal budget and state extra-budgetary funds”, except for the placement of operations. budget funds in bank deposits and the acquisition of budgetary funds government securities. From the article 156 of the Budget Code, which refers to the Ministry of Finance, it follows that it is for opening and maintenance of accounts, “designed for the issuance and transfer of cash” organizations – recipients of budget funds. In particular, the salary accounts of budget organizations, should be developed from the Federal Treasury Rules on the cash budget organizations. This was confirmed by a source in the RBC one of the state financial institutions.
From the presentation of the activities of the Federal Treasury for 2015 shows that the volume of transfers under the security of cash is estimated at 119 billion rubles. But the accounts of commercial banks held only a portion of the money, the rest – through the offices of the Bank of Russia should be of the Budget Code. The Finance Ministry did not respond to a request to RBC, could not be reached with the Treasury on Friday. CB press service promised to provide comment later
The banks may not charge for services such accounts, according to the Budget Code, but to make a budget and payroll projects can still:. For example, banks receive a percentage of the transaction amount, if the holder of the “salary” is paying her credit card for purchases (percentage of bank transfers the payment system). But most importantly – the banks have access to the temporarily free liquidity, which can be placed on overnight interbank loan market. Banks in this case, a flow of liquidity, they can earn on the overnight credits, says the head of the Association of Russian Banks Garegin Tosunyan. According to him, the rate in this case is small, but you can earn through cash volumes.
The state is not the first time makes the sanctions to banks . After the introduction of US sanctions in March 2014 Vladimir Putin instructed to take the bank “Russia”, “under the protection” and instructed to transfer to his presidential salary. His example was followed by other officials, including the head of Chechnya, Ramzan Kadyrov. Bank “Russian” one of the first Russian banks began to work in Crimea and, in particular, took on the Black Sea Fleet military service.
«As far as I understand, this is a medium-sized bank” – said Putin immediately after the “Russia” bank was included in the black list of the US Treasury. But the “average bank” takes the 16th place in terms of assets, which in the past eight years have grown almost ten-fold, to 607 billion rubles. (Banki.ru data portal). The main shareholders of the bank – Yury Kovalchuk and Nikolai Shamalov (37.5 and 9.6% of its shares, respectively) – were the founders dacha cooperative “Lake”, which brought together, are believed to be influential people in Putin’s circle. The US Treasury named Kovalchuk “personal banker senior Russian officials, including Putin».
Although the “Russian” Bank and SME Bank said that sanctions will not significantly impact on their work, the authorities US still created them a lot of problems. As reported in March, 2015 The Wall Street Journal, financial institutions are blocked on the accounts of at least $ 572 million in the United States, owned by the bank “Russia”. The bank SMP were frozen at least $ 65 million. In the early days of sanctions SMP Bank depositors withdraw money “at a rate of more than 50 million rubles. per hour, “American providers have stopped updating bank software, and traders could not commit the usual transactions through trading terminals -” the situation back in 1980 “of Forbes magazine wrote. According to Bloomberg, the western sanctions involuntarily “joined” the Central Bank in December 2014 by representatives of the Central Bank and Finance Ministry met with the management of banks, fell under the sanctions, including the bank “Russia” and SMP Bank, and asked them not to borrow from the Central Bank for more than 28 days, the funds could not be arrested while passing through the correspondent accounts in the West.
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