Standard and Poor`s has changed the forecast on ratings for the Russian banksthe International rating agency Standard and Poor`s (S &P) has declared revision of forecasts on long-term ratings of 13 Russian banks - with “ stable “ on “ negative “. Such financial institutions have got To this group, as “ the Three dialogue “ “ Uralsib “ “ promsvjazbank “ bank “ the Renaissance “ “ Alpha bank “ bank “ Petrokommerts “. The given decision is caused by possible negative influence of a current situation in the market on the Russian financial organisations.
on the same level with decrease in the forecast for a number of banks, “ stable “ remained bank “ VTB “ “ Gazprombank “ “ rajffajzenbank “ “ JUnikredit Bank “ “ Rosbank “ and “ Rusfinans Bank “.
“ Revision of forecasts reflects our growing concern concerning possible negative influence of present turbulence in the internal and external markets on basic financial and commercial characteristics of many financial organisations in Russia “ - Ekaterina Trofimova has explained credit analyst Standard and Poor`s. Growing credit risks, deterioration of liquidity, a problem with refinancing, decrease in profitability of the organisation can become consequences of it.
at the same time, analysts of agency mark Russia taken by the government measures on maintenance of a financial system of the country. We will remind, active support of bank system by the state has begun in the end of September. Then the Ministry of Finance has given to banks 330 mlrd rbl., and subsequently 500 more mlrd rbl. As a result of actions of the authorities of the rate of interbank crediting have decreased to 5 - 6 % annual, and the volume repo with the Central Banks was reduced to 153,5 mlrd rbl.
During the meeting which have passed on October, 7th in the Kremlin, the president of Russia Dmitry Medvedev the decision on allocation of additional means to a number of banks was accepted. It was a question about subordinirovannom the credit at a rate of 950 mlrd rbl. for the term from five years. Among banks - addressees appeared the Savings Bank, VTB and Rosselhozbank. However results of these efforts, according to experts (S &P), can appear unpredictable, including, from - for institutional weaknesses in Russia.
“ we expect that higher cost of attraction of means and reduction of access by the debt markets on - former will put pressure upon banks, especially small and average, and also that considerable programs of refinancing within the next months " have; - has noted credit analyst S &P.