Dear user, You are using an outdated browser that does not support modern web standards and poses a threat to your safety. For correct display of the site is recommended to install the latest version of any modern browser:

Прочитать в мобильной версии сайта

USD 73.99

EUR 89.62

17 May, Monday

Ufa   °

Rustem Khamitov: Bashkiria needs its own banks


“We have to establish our own banks and have all conditions for that. The money, earned in Bashkiria, have to work in the Republic first of all” – the President of Bashkiria Rustem Khamitov stated at today’s meeting of the Government RB, dedicated to the activity of the Republican bank sector.

The head of the region supposes the situation, when only 11 of 72 big banks, working on the Bashkir territory, are considered regional, the abnormal. The rest of the banks represent the offices of the big Russian and international banks. The disproportion to the federal banks is typical for the majority of Russian regions.

The President RB calls the situation in the bank sphere rather contradictory. From one side the banks work stably and their absolute showings look quite favorable (Bashkiria holds the second place in Volga federal district by the number of the bank divisions, the fifth place by the size of the credits to enterprises and population and the fourth – by the population’s deposits) and from another side local banks faces serious problems. In particular, the level of crediting for small business and farmings is not enough.

“Bashkortostan generates rather substantial financial flows, estimated at dozens billion rubles. But the major part of these resources works beyond the Republic and it is necessary for these resources to work here” – the President RB underscored – “We need several stable local banks, which would contribute to development of Bashkir economics”.

The President RB has reminded that in the 90s Bashkiria was taking the lead in the bank sphere of the country. But 20 years have passed and the situation looks totally different. The indices of the adequate provision of Bashkir economics with the bank services are found at rather low level. Thus, the financial supply with the credit bank services (the ratio between the credit indebtedness to the banks and the gross regional product) on January 1, 2010, makes up just 72% of the average level all over the country (the 13th place in Volga federal district), by the saving index (the ratio between the deposits and the aggregated monetary incomes of population) – 54% of the average all-country level (the 14th place in Volga federal district).

It is evident that with the low level of wages in the Republic (slightly more than 500 dollars) there will be no big deposits, so the President RB highlights his priorities once again: jobs, good wages and cheap housing.

“The supply with the bank services has to be at least at the same level as in other Russian regions and in the country in a whole” – the President RB considers.

He has also turned attention that local banks prefer working mainly with the big enterprises.

“Sure, it is much more profitable and easier” – the President mentioned – “But the banks should work with the population more actively as well as with micro-financing”. The President RB thinks the activity of the banks has to be oriented to the rise of the populations’ living standards.

“Unfortunately the showings of the quality of life throw us back and this situation must be improved” – Rustem Khamitov summed up.

The strategy for the bank sector development, worked up for the next five years, is aimed at that, the chairman of the national Bank RB Rustem Mardanov reported to the President RB at the meeting.

Lubov Kolokolova author: Lubov Kolokolova
Яндекс цитирования