The Central Bank will simplify purchase and sale of banks
to the Regulator the Central Bank is required to less information
Yesterday has published the instructions simplifying an order of granting of the information by the companies which buy a share in banks, affilirovany with the credit organisations or act as their founders. About the financial position it will be possible not to give some data if to secure with an appreciation of rating agencies.
the Bank of Russia will estimate more softly financial positions of the companies which act as founders, owners more than 20 % of actions of bank or affilirovannymi with the credit organisation persons. Now - to the shareholders having a high rating of credit status, it will be possible not to direct to the companies to the Central Bank the data about delay more than 90 days on a debt receivable, the information on long-term both short-term financial investments and data for calculation of the sum of the shares which are in cross possession. Besides, the regulator will not need to be informed on a debt receivable and financial investments in the company which are in process of liquidation or bankruptcies.
In the banks which direct shareholders are legal persons, welcome regulator plans. In Alpha bank have informed that regard Central Bank plans as the next step towards qualitative development of the Russian bank system — this innovation, on the one hand, undoubtedly, will simplify procedure of purchase and sale of shares in the Russian banks. The chairman of the board of bank “ Interkommerts “ Alexander Bugaevsky has noticed that the Central Bank initiative reduces time costs of legal persons. “ if reliability of the companies is already supported by ratings of dear agencies the Central Bank will not need to carry out the additional analysis “ — considers g - n Bugaevsky. It has reminded that today the simplified procedure of purchase of banks operates in case of acquisition to 20 % of the credit organisation. “ Therefore in practice it is often possible to see crushing of proprietors for the purpose of transaction simplification “ — Alexander Bugaevsky has explained.