12 December 2011, Monday, 11:26

All banks of Bashkortostan meet new requirements to the capital

author: Alfia Sharafutdinova

The tendency of diminishing of the number of banks in Russia will continue. In 2012 about 20-30 banks expected to leave the market, since they fail to meet the new requirements to the minimal size  of their capital. This is the forecast, made by the director of the department for licensing and financial recovery of the banks of the Central Bank of Russia Michael Sukhov.

Beginning from January 1, 2012, the norm of the minimal bank capital will increase twice – from 90 to 180 million rubles. At present time about 100 banks fail to reach this slat.

In opinion of Michael Sukhov the attraction of capital won't cause any difficulties but nonetheless certain part of Russian banks won't be able to collect the necessary sum.

The head of the Credit Organizations Association RB press-service Dmitry Rudzit reports that for today all 11 Republican banks meet the requirements of the main Russian regulator and none of them will leave the market.

It is worth noting that the strategy for development of the Russian bank sector till 2015 presumes the enlargement of the minimal bank capital up to 300 million rubles by the abovementioned date and at that this norm will be valid for the newly opened banks already since the next year. The authors of the strategy explain this decision so that this measure is called to clean the market from dubious credit organizations.

themes: banks