Rus News Journal

The law on the authorised banks

From letter GU the Central Bank across Petersburg to the chairman of Legislative Assembly Yury Kravtsov
For definition of banks as representatives is passed considered to offer necessary a number of the basic criteria, allowing to make a choice of bank and to define its solvency:
- realisation of bank activity not less than one full year, presence of the published balance assured by auditor firm;
- the bank capital should be not less established for again opening banks (now 6 mlrd roubles);
- positive, stable financial results of activity of bank;
- presence of means on the correspondent account for all accounting dates;
- 100 - a percentage covering of contributions of the population own capital of bank;
- presence of reserve fund at a rate of not less than 10 % from actually paid authorised capital;
- reserve presence on possible losses under loans;
- presence at bank of practical experience with budgetary accounts.