The Central Bank has increased fund of obligatory reservesBut the Central Bank board of directors has allowed to use it
In the end of last week declared base change at calculation of fund of obligatory reserves (FOR) for banks. After decrease in the specification of deductions in FOR the Central Bank has entered new accounts on which it is necessary to create reserves. The interrogated bankers are assured that now in FOR it is necessary to deduct more than before decrease in specifications. However, for it the Central Bank has allowed to use to 20 % ODDS provided that its monthly average size remains invariable.
has passed less than two weeks from the moment of decrease in deductions in FOR with 9 to 7 %. And here past Friday the board of directors of Bank of Russia has made decision to increase number of obligations of bank on which obligatory reserves are created.
As of August, 1st, 2004, according to the decision of board of directors of the Central Bank, banks at calculation ODDS are obliged to consider obligations to banks - non-residents in roubles and foreign currency at a rate of 2 %, rouble obligations to physical persons at a rate of 7 %, and also other obligations in roubles and foreign currency at level of 7 %.
In the general opinion of bankers, expansion of base of reservation at calculation the ODDS will lead to increase in its volume. So, according to vice-president Moskommertsbanka Ashata Sagdieva, the specification under obligations of banks to non-residents “ as a whole on bank system will make rise in price of cost of resources for the banks actively involving resources from banks - non-residents “. With it the first vice-president Orgresbanka Igor Bulantsev who has noticed that " agrees also; under reservation under obligations to banks - non-residents credits already obtained earlier, including from the first class western banks get. And at calculation of profitability of these credits of deduction in FOR were not accepted “.
Moreover, according to the chief accountant of bank “ Avant-guard “ Vladimir Andreeva, “ except reservation of the involved means from banks - non-residents, the means received from sale of bills, depositary certificates and bonds are included in algorithm of calculation also at purchase by their credit organisations, and volumes of such sales were rather considerable “. So as a result, according to bankers, the size the ODDS become even more than before decrease in the specification of deduction in the middle of June.
However, on the same board of directors of the Central Bank has decided to sweeten to banks a pill. As it is specified in the Central Bank communique, banks have the right “ independently to count average size of obligatory reserves on the next period of averaging with application of the factor which is not exceeding 0,2 “. FOR once a month is recalculated, and it means that within a month banks can use to 20 % of the means listed in obligatory reserves, accordingly compensating the taken.
moreover, at the beginning the Central Bank is ready to give to banks instalments on reduction ODDS in conformity with new requirements. “ in connection with expansion of base of reservation at the expense of inclusion of the rests under accounts of banks - non-residents and change of an order of reservation of obligations under the let out securities possibility of its stage-by-stage transfer till six months according to plans - to the schedules developed by the credit organisations and confirmed by territorial establishments of the Central Bank of the Russian Federation " is given to banks; - it is told in the communique of Bank of Russia.
according to the president of Association of Russian banks Garegina Tosunjana, “ there was many debate how to allow banks in offset ODDS to take a part of the rests on a corresponding account in the Central Bank. But, 20 % are a little, it was possible and more “. And the chairman of the board of MDM - bank Andrey Savelyev considers that Central Bank measures can give a positive effect “ for small banks which do not have international passives as the averaging factor will allow them to lower volume of the means blocked on accounts in the Central Bank “. As he said, “ for the big banks possessing in great volumes of attraction from foreign banks, derivation under obligations to banks - non-residents will exceed economy from averaging factor “.
DMITRY - GNEDOVETS, DANIEL - ZHELOBANOV