Category Archives: Finances

FNS and the Ministry of Finance criticized the idea of paying taxes to work personally with citizens

Photo: Dmitry Feoktistov / TASS

The idea of paying taxes to work personally with citizens associated with the “enormous risk,” said RBC in the leadership of the NSF and the Ministry of Finance. According to officials, this will result in cash breaks, disruption in payments and tax evasion

To discuss the idea of payment of taxes on the labor of the employees, not the employer during the Krasnoyarsk economic forum invited the Executive Director of “OPORA Russia” Andrey Shubin. However, he said that the workers “themselves pay at least a part of insurance contributions”, the correspondent of RBC.

According to Shubin, it will increase financial literacy and create a new kind of self-employed tax consultants. However, during the session “a Rational tax system,” in which Shubin and made his initiative, no one on his proposal did not respond.

Deputy Minister of Finance Ilya Trunin later told reporters that the initiative to shift the insurance premiums to the citizens “impossible”, as it will mean raising taxes on the population.

“It exists in many countries, and we have one of the highest loads in the form of contributions to the employer. But precisely because in many countries a substantial part of contributions transferred from the employees salary. But if we [the premiums] will move, it will not be 13% to be kept [of income], and more. I don’t think that it should be done”, — said the Deputy Minister.

In General, payment for labor of employees, rather than employers, “probably will contribute to people’s awareness the fact which they pay taxes,” said Trunin, answering the question of RBC.

“But we’re afraid of disruptions in the payments. Because when the tax is taken automatically when you pay income, we pretty much guarantee tax revenues. Can be no payment without deduction of tax. When the money is paid, and then people will pay the tax, then, firstly, will the cash gap, because he will pay for the year. Secondly, this is a complex system, because it will be necessary either to introduce a shorter fiscal period or year-end it will be quite a large amount — 13% of income,” — said the Deputy Minister.

Theoretically, such an idea may exist, but in practice it is far from the reality, he concluded.

The risks of the shifting of taxes on labor on the citizens — “huge,” said RBC Deputy head of the Federal tax service (FNS) Dmitry Satin. “First, it increase the burden on citizens. Second, it is easier to administer, one company or a thousand individuals? In my opinion, now formed the most stable and effective administration when one organization pays per thousand employees”, — said the Deputy head of the FTS. The readiness of citizens to report to the tax Inspectorate, even in electronic form, is in “serious doubt,” said Satin.

Now and personal income tax, which is levied on citizens, and the premiums paid by the employer in the amount of 30% of the employee’s salary in the budget and in funds transfers, the employer.

The Russians have no “feelings of the taxpayer”, that is, the desire to follow what their tax, said earlier the former Minister of Finance, Chairman of the Board of the Center for strategic development Alexey Kudrin. This is partly due to “historical moments”, and partly to the fact that public spending and rising living standards in Russia was mainly due to oil revenues, which the ordinary taxpayer associated little, explained Kudrin.

The Ministry of Finance saw the political significance of the introduction of personal income tax on income from deposits

The Finance Ministry again raised the issue of the taxation of incomes of physical persons income on deposits. According to the Deputy Minister Ilya Trunina, if this initiative will be the Ministry of Finance, it will raise “politically”

According to the Deputy Minister of Finance of the Russian Federation Ilya Trunina, which is responsible in the Ministry for tax policy, income from deposits should be taxed on incomes of physical persons (NDFL), the correspondent of RBC from the Krasnoyarsk economic forum.

“I believe that even if we do not raise this issue, it will be put in political terms. Such benefits in other countries as a rule no,” said the official.

“We believe that it is the right way to go. Because it is not clear why we like this type of income is not taxable at all. I can’t find a rational explanation. Why any wages, even below the average, the tax to incomes of physical persons, and if a person receives one million roubles in a year of interest, for example, he does not pay a penny of personal income tax with these revenues,” he said.

At the same time, Trunin said that the Finance Ministry has not yet discussed this idea and comes out with such a proposal. “Maybe someone else will offer it in the discussion of tax reform,” he said.

As was going to earn a suspect in the attack on Dortmund

Suspected of organizing the explosion near the bus of the German football team Borussia wanted to capitalize on the fall of the shares of the club, said German prosecutors. His trading strategy was unprofitable, it became clear from the quotations, analyzed RBC

Alleged participant in the attack on the bus of FC “Borussia” detained in the Federal state of Baden-württemberg

(Photo: Christoph Schmidt / TASS)

28-year-old Russian Sergey V. German, who today was detained in southern Germany on suspicion of organizing the explosion near the bus of the soccer team “Borussia” (Dortmund), put that the football club will collapse after the attack and was planning to capitalize on this by using stock options, said on Friday the Federal Prosecutor of Germany. Strategy the attacker could work, if the quotes Borussia fell at least 11%, but they fell only 4.5%, it is clear from stock data.

According to prosecutors, the suspect in the day of the attack, April 11, bought 15 thousand put options on the shares of Borussia Dortmund GmbH is the only German soccer club whose shares trade on the exchange. Put options give their owner the right to sell shares at a fixed price within a certain time — they can make a profit if the market price of the stock will decrease.

Put option (put option) — standard exchange contracts, under which a buyer acquires the right (but not the obligation) to sell the asset at a predetermined price by a given deadline. If the market price will be below a predetermined, the owner of the option can exercise his right to sell at a higher price. Thus, the conclusion of the option transaction allows the option holder to profit in a situation of falling market prices.

11 APR someone really bought 15 thousand put options issued by the Frankfurt Bank, DZ Bank, the shares of Borussia Dortmund, show data from the Bloomberg terminal. The deal was done at 11:16 on the time of Frankfurt (the blast near the bus of the soccer team happened at around seven in the evening). The options were purchased for €0,18 per share (each with one share), that is, the player spent €2700.

The exercise price of these options (“strike”) — €5,20. This means that considering the cost of option quotes Borussia was down to €5,02 per share, to provide at least break-even rates. We are talking about the “American” option which may be exercised at any time prior to its expiration on 16 June 2017. But shares of Borussia Dortmund at the end of trading on 11 April (the attack was made shortly after the close of trading) cost €5,61, the next day fell to €5.50 and reached at least 20 April at €5,36 — with such quotes the player would lose the amount initially spent on buying options.

The suspect took consumer loan for purchasing options, said the Prosecutor’s office, that is, to the loss of €2700 must also be added the cost of servicing the loan.

However, an attacker could obtain the profit if the quotes really hit if someone from players of Borussia seriously injured or killed, said German prosecutors.

What is known about the alleged terrorist

Sergey V. 28. According to the Prosecutor General’s office had a German and Russian citizenship. Recent years, he lived in tübingen.

According to investigators, the suspect booked a room at the hotel in March on two dates with 9 to 13 April and from 16 to 20 April, because then was not known exactly which games “Borussia” will play in Dortmund. The room was picked up, so that it the alleged terrorist was able to observe the scene. In the hotel he checked in on April 9, two days before the attack.

Ivan Tkachev, Yulia Sapronova



football club



The main thing

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Rosfinmonitoring has agreed a new approach to combating money laundering through the courts

Photo: Kirill Kuhmar / “Kommersant”

The bankers and the Federal financial monitoring service has agreed to a new approach to combating money laundering through the judicial circuits. According to him, refuse to write-offs for doubtful bailiffs will not be bankers, but shall report such transactions to the Federal financial monitoring service. At the moment, but globally, it is necessary to change the legislation, indicate the bankers

That the bankers and the Federal financial monitoring service has agreed to a new approach to the problem of money laundering through writs of execution of judicial decisions, shows the correspondence of the AML / CFT Department and the Association of regional banks “Russia” (ASROS), recently published on the website ACROSS.

As previously reported by RBC, the specified washout circuit works as follows. One company goes to court (of arbitration or regular) with a claim to the other on the question of penalty non-existent in reality debt. The reality of the obligations subject to settlement in court, no, disputes are created artificially. However, the court decision about collecting of court (through ignorance or in the framework of the agreement) shall be made, issued a writ of execution (use the real ones and fake writs) that the bailiffs go to the Bank “debtor” for the charges. The funds from the Bank account of “debtor” are debited and credited in favor of the “creditor” on his account in Russia or abroad, thus passing the process of legalization. According to RBC, the scheme appeared about a year ago, and its use has intensified lately. Currently, the Central Bank jointly with Rosfinmonitoring, and the Supreme court is working to identify possible solutions in such situations. The results of this work while it was not announced.

Agreed banks and Rosfinmonitoring, the solution looks like. The Bank in case of suspicion that the writs are used for money laundering (including the withdrawal of capital abroad), makes a payment on a suspicious writ of execution, concurrently, sends the information about suspicious transactions to Rosfinmonitoring and only then taking action to the subsequent termination of the relationship with such client in accordance with the AML / CFT law No. 115-FZ. In response to the request of the bankers of the Federal financial monitoring service reported that the decision “considers possible”.

Thus, banks at the same time comply with the AML / CFT law (taking measures to combat legalization of criminal proceeds and financing of terrorism) and do not violate the law on the judicial system and enforcement proceedings, according to which entered into force decisions of the courts are obligatory for all and are subject to strict execution in all territory of the Russian Federation.

As proposed to fight still

Until now, bankers in the fight with these schemes was guided by the recommendations direct the regulator — Bank of Russia, issued in February of 2017, after it was revealed the activation of these circuits.

CB was more categorical than the Federal financial monitoring service. He recommended that credit institutions in the presence of suspicious symptoms on operations with the Executive leaves (see) to implement the right to refuse the transactions (under the law 115-FZ) and is to terminate relationships with clients that twice a year trying to use a scheme of withdrawal of assets, and legalization of illegally obtained income through the judicial scheme.

On suspicion of debiting transactions to bailiffs, in accordance with the recommendations of the Central Bank, shows that Bank accounts “debtors” and (or) “creditors” debit transactions typically are not carried out or are irregular. In particular, the payment of taxes or other obligatory payments to the budget system of the Russian Federation from the Bank accounts is not carried out or executed in an amount not exceeding 0.5% of the debit turnover in accounts.

RBC commenting on these recommendations immediately after their publication, the bankers noted that are in a difficult situation. According to them, to check the decisions of courts almost impossible in the absence of any databases on them to conduct operations — introduce risk of claims by the Central Bank about the lack of fight money, to refuse to conduct or not to close accounts — risk claims clients find themselves really fair and overall reputation risk.

Moreover, as pointed out by the head of the legal Department of one of banks surveyed by RBC, if the court had considered the case reached a decision and issued a writ, that “banks are absolutely helpless here.” “Even if the Bank is obvious misconduct of the parties to the litigation and he tries to enforce the judgment, then directly fall under the penalty of the administrative code in the amount of half of the amount to be recovered from the debtor, but not more than RUB 1 million in addition, a Bank employee, who took the decision, also falls under article 315 of the Criminal code on the violation, — he says. — In this article may face a fine up to 200 thousand rubles and deprivation of the right to a profession, or in cases of willful violations, imprisonment for up to two years.” “If there is a court decision and the banks checked on the Arbitrazh courts, that there is a solution, then the only thing that can make the Bank — shrug and fulfill the requirements of the writ,” says the interlocutor of RBC.

Photo: Sergey Bobylev / TASS

The relaxed approach

New — softer — an alternative approach less vulnerable to these extremes.

“If the Bank has suspicions of the dubious operations of a writ of execution, the operation is usually carried out as a court order may not be executed, the client is gradually eliminated from the Bank, the contractual relationship terminated him immediately. With this approach, the clash of norms — anti-money laundering and enforcement proceedings — is not so pronounced. Of course, there is a risk that during the operation will be allowed the laundering of the proceeds however, the credit institution acted in accordance with the recommendations of the Federal financial monitoring service and informed about relevant risks,” says co-Chairman of ARB Committee on AML/CFT and compliance risks Alexey Timoshkin.

“The previous offer to fight with these schemes have been practically impossible. To refuse from the execution of the writ by reason of ambiguity behind this operation, as recommended to do, the Bank can not, — says the lawyer of the Bank from the top 100. Usually, if the scheme involved one-day firms, which is the most common option at the time of granting the Bank a writ of execution of transactions on her account there is, accordingly, the Bank has no real basis for suspicion. Accordingly, the Bank can not unfounded to apply the right to refuse payment on the basis of the AML / CFT law”.

“Agreed banks and Rosfinmonitoring, the first approach gives more room for manoeuvre — continues the interlocutor of RBC. — First, the Bank conducts operations that do not hold can not, that is complies with the law on enforcement proceedings. But at the same time informing Rosfinmonitoring about the dubious transactions, preparing a mail for the execution of the AML / CFT legislation. Re-recognition of any other transactions of that customer dubious will allow him to legally terminate the Bank account agreement”. This is the only effective mechanism that banks can now use when dealing with these schemes, whatever they were interested in getting rid of unscrupulous clients, he said.

However, concludes the lawyer, until then, until you change something at the legislative level, the problem was not solved completely. “Indeed, only when the second questionable transaction, the Bank may terminate the contract with the client, but the fact is that the second surgery will not be on the companies that organize these bogus disputes, and there are firms-a something ephemeral. Without a change in the law is the fight with windmills” — I agree Deputy Chairman of the management Board, head of the legal Department Lanta-Bank Dmitry Shevchenko.

What else was offered the bankers

Amendments to the legislation, the bankers in his correspondence is also suggested, however, comments by officials on the merits in the correspondence does not contain. It indicated only that Rosfinmonitoring “taken under advisement by the Association proposals to improve the provisions of the Federal law No. 115-FZ”.

All were offered three amendments. First, register in the AML / CFT law banks right to refuse to execute orders not only customers, but also “any other person entitled by virtue of the law or the contract to provide orders to the customer’s account,” i.e. bailiff.

Secondly, to amend the AML / CFT law and the law “On enforcement proceedings”, which allows banks to suspend suspicious transactions for a specified period pending the receipt of instructions from the Federal financial monitoring service, what to do next. Thus, responsibility shifted to be on the anti-laundering Agency.

A third option is to allow banks to refuse transactions for transfer of funds according to court orders in the case of suspicion of the legitimacy of the operation. It is, in fact, involves the shifting of responsibility from one Bank (serving the alleged debtor by court order) to the beneficiary Bank by questionable court order.

The Central Bank has agreed to issue on the reorganization of the “overexposure” of almost 67 billion.

Photo: Nikita Popov / RBC

The CB decided to sanitize the “Peresvet”. In spite of past payments to all depositors of the Bank and the hole is almost 104 billion rubles to Corporate creditors “Peresvet” recovery will cost nearly 70 billion rubles, the Central Bank in almost 67 billion.

The official final decision to sanitize the Bank “Peresvet”, the Central Bank said on Wednesday, April 19, in the official press release. “The Board of Directors of the Bank of Russia April 19, approved amendments to the participation plan of the state Corporation “Agency on insurance of contributions” in the implementation of measures on prevention of bankruptcy of Bank”, – stated in the message of the Central Bank. Still, although the fate of the “Persita” resolved last October, when the Bank introduced a temporary administration of the Central Bank, and all its operations – frozen, from the official findings, the regulator refrained.

The reorganization will take place, “involving bail-in”: this means that to participate in the rescue of own funds is not only a regulator, but also large (with claims against the Bank from RUB 500 million) creditors “Peresvet”, as well as its shareholders.

“More than 70 of the Bank’s creditors on a voluntary basis and expressed a desire to participate in the financial recovery through the conversion of funds placed in the Bank, in the amount of 69.7 billion roubles in 15-year subordinated bonds. Held 9 meetings of holders of bonds, on which decisions on the restructuring 6 of 9 issues of bonds with a simultaneous change of parameters — increasing the term to 20 years, reducing the interest rate to 0.51%”, – stated in the message controller.

However, the willingness of creditors to participate in the rescue of the Bank by years of freeze in their vehicles can be called conditionally. Negotiations with creditors lasted from the 20’s number last October. It is from the consent of the majority of major creditors to participate in the rescue of the Bank at its own expense and depended on the allocation of Bank of Russia from its part of the loan for the readjustment “Peresvet” told earlier sources RBC.

For arrangements of the regulator, shareholders and creditnow took almost six months. The result is a “hole” in the balance sheet are estimated by the Bank of Russia to 103.6 billion rubles to improve the “overexposure” of the Central Bank will give to 66.7 billion rubles In conjunction with financial support from creditors and shareholders, this should close the hole in its balance sheet and maintain liquidity for payments after they defrost.

The turnaround, as planned appointed affiliated with Rosneft, RRDB Bank.

Record time

Six months, departed to a decision on “any kind of weather,” the record for a long period in the history of the rehabilitation of banks since 2008, when it was adopted the corresponding law.

In fact, huge funds support is provided to legal entities – Bank customers, including many large companies. The exact list with the amounts of claims against the Bank not disclosed, but among the lenders had previously recognized the “RusHydro”, Tatfondbank (license revoked), Zenit Bank, Sovcombank, Bank, investment company O1, NPF “stroycomplex”, Pulkovo airport in St. Petersburg, etc.

Depositors of the “overexposure” of his salvation, will do nothing. “Payment of insurance compensation to depositors of the Bank, including individual entrepreneurs, in the amount of 100% of the remaining balance, but not more than 1,4 million rubles in aggregate per depositor implemented in full”, – stated in the message of the Central Bank. The reason for the payments was the introduction on October 21 the Central Bank “Peresvet” moratorium on satisfaction of creditors ‘ claims. According to the law on Deposit insurance, is the basis for insurance payments.

Thus, not fulfilled one of the key points of the reorganization is not achieved the savings Deposit insurance Fund of the reorganization in comparison with the revocation of Bank licenses.

Market assessment

The assessment that market participants given the fact rehabilitation “overexposure”, is critical.

“Economically it would be beneficial to revoke the license of the Bank and to finish this whole process – there are no social consequences would occur. Most likely caused by strong libromania big clients” – the analyst of Raiffeisenbank Denis Poryvai.

A similar assessment holds General Director of rating Agency NRA Pavel Samiev: “If you look at the scale of the Bank, 66 billion rubles – this is an adequate assessment for the rehabilitation, but we must remember that we do not know the quality of the portfolio, which may deteriorate. If you think that it is better to revoke the license or sanitize, it should be understood that the Central Bank is guided by criteria of systemconnectivity and economic feasibility for the rehabilitation of the Bank, but clearly they are not registered anywhere”. The fact that “Peresvet” hung tools of many large companies – it’s a fact, but as far as the Bank was systematycznie – hard to say, he concluded.

“Maybe the last time, the Central Bank gives out such large sums to sanitation, it is the exception to his new rules”, – says Samiev. “The DIA already has no money, the Central Bank has repeatedly said that he wants to give up excess spending money on rehabilitation” – I agree Poryvai.



The court banned the Sberbank use of your brand in Ukraine

A court in Kiev has decided to ban the Russian Sberbank to use in Ukraine the trade mark. Also, the Russian Bank is deprived of his domain name

Photo: Sergii Kharchenko / NurPhoto / TASS

The economic court of Kiev banned Russian Sberbank in Ukraine use their own brand and stripped of its domain name About it reports a press-service of the Ukrainian savings Bank on its official website.

The court invalidated ten brands of Sberbank, thus, satisfied the requirement of the Ukrainian financial organizations. The decision may be appealed to the court of appeal.

The corresponding claim of the Bank on the protection of trademarks “Sberbank” was submitted on 15 January 2016. The organization in its press release, noted that it is the sole legal owner of the trademark on the territory of Ukraine, and results in a certificate.

“We have defended the legitimate interests of the Bank, and however the interests of millions of Ukrainians, who do not want to be misled. Because brand of “Sberbank” belongs exclusively to the State savings Bank of Ukraine. We were able to clearly explain your legal position, provided the court with convincing written evidence and argue significant disadvantages of the position of the opponent,” commented the court’s decision, the Chairman of the Board oschadbanka Andrew Lush.

In December 2015 Oschadbank accused the Russian Sberbank in violation of intellectual property rights after the Russian company was renamed “Subsidiary Bank Sberbank of Russia” in Ukraine in Sberbank. The Ukrainian side said then that is the only legitimate owner of the rights to the trademark “Oschadbank”, “Sberbank” and “Oschadbank” on the territory of the Republic.

In response, Sberbank noted that agreed the renaming of its subsidiary Bank with the national Bank of Ukraine, the registration of the new name, according to representatives of the Russian Bank, was conducted in accordance with the legislation of the country.

The construction of the wall at the entrance of Sberbank in Kiev. Photos

Photo gallery

Previously, on 27 March, Sberbank announced the sale of full stake in its Ukrainian subsidiary to a consortium of investors, which consists of Latvian Norvik Banka (owned by the ex-President of the Bank, subject of great Britain Gregory Guselnikov) and Belarusian private company, which is owned by a citizen of the United Kingdom said Gutseriev (the son of a businessman Mikhail Gutseriev). In this case, the majority shareholder of the consortium, according to Norvik Banka, is Gutseriev.

Russian banks in Ukraine

In late January, the head of the National Bank of Ukraine Valeria Gontareva said in an interview with “New time” that the share of Russian banks in the Ukrainian market decreased “over the past few years” from 15 to 8%. According to Gontareva, the problems of banks with Russian capital appeared due to the fact that they actively lent Donetsk and Lugansk regions.

Now in Ukraine there are seven banks with Russian capital two Bank Sberbank (“Sberbank Ukraine” and PJSC “Vs Bank”), two of the VTB group (VTB Bank and BM Bank), HVB Ukraine (controlled by Vnesheconombank), alpha Bank (enters in “the alpha-Groups”) and Forward the Bank (shareholder of the Bank “Russian standard”).
Five of them — “Sberbank Ukraine”, VTB Bank, BM Bank, Prominvestbank, Alfa-Bank has reduced its assets, shows the report for the third quarter of 2016, according to IFRS. In particular, the savings Bank occupies in the Ukrainian banking system the fourth place in terms of assets (according to the website, has reduced them by nearly 9% from 51.8 billion to 47.2 billion. Alfa-Bank, occupying the fifth place, by 2.8% from 42.4 billion to 41.2 billion hryvnia. BM-Bank — 6.3% — from 3.2 billion to 3 billion. VTB Bank — by 19.1% — from 25.7 billion to 20.6 billion hryvnia.

The share of funds of natural persons in the banks with Russian capital decreased from 9.3% in early 2014 to 5.5% by 2016, the share of legal entities — from 8.3 to 3.3 percent, noted previously, the regulator.

Anna Trunina


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He was sent to the national Bank of Ukraine documents on purchase of the “daughter” of Sberbank


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Sberbank once again recognized the most expensive Russian brand

Photo: Oleg Yakovlev / RBC

According to experts of Brand Finance, the brand value of the largest Bank in Russia is now approximately 570 billion rubles.

The Sberbank brand has once again topped the ranking of most valuable brands of Russia, follows from the materials research company Brand Finance. Over the past year, the brand value increased by 23%, which allowed to move from 200 to 157 th place in the global ranking by Brand Finance.

In the list of banking brands in the world, the savings Bank occupies the 24th place among European banks, Sberbank is the sixth.

“Brand Finance assesses the value of the brand using the relief from royalty that defines how many would be willing to pay the company licensing its brand, if he were not her property. This approach involves the assessment of future earnings associated with the brand, and the royalty calculation, which will be paid for the use of the brand”, — stated in the message of Sberbank.

Assessment Brand Finance, the brand value of the savings Bank now stands at almost 570 billion rubles, which is only slightly less than the total cost of occupying second and third places in the Russian “competition” brands “Gazprom” (305,3 billion roubles) and LUKOIL (283,9 billion rubles).

In addition, the ten most expensive in Russia include the brands of “Rosneft” (180 billion rubles), “Magnet” (153 billion rubles), “Surgutneftegaz” (134,7 bn), Russian Railways (117.3 billion rubles.), VTB (106.3 billion rubles), MTS (93,11 bn) and “Tatneft” (89,55 bn).

Compiled by Brand Finance’s top 500 most valuable brands in the world are once again led by Google, has risen in price more than 24%, to $109,47 billion, and olesnicki in the second place, the Apple brand ($107,141 billion, a minus of 26,5%).

In addition, the top 10 included brands Amazon ($106,4 billion, +52%), AT&T ($87 billion, +45%), Microsoft ($76,265 billion, +13.4 per cent), Samsung ($66,219 billion, +12,96%), Verizon ($65,875 billion, +4.3 percent), Walmart ($62,211 billion, +15,9%), Facebook ($61,998 billion, +82%) and ICBC ($47,832 billion, +31%).

Sberbank has launched a refinancing of a mortgage to other banks

Photo: Ekaterina Kuzmina / RBC

As part of a new product, you can refinance your mortgage loan at a rate of 10.9% per annum. In addition, the savings Bank offers both refinance mortgage and consolidate personal loans, car loans as well as cards of other banks

The savings Bank began to refinance mortgages to other banks secured by real estate. As reported to journalists the Director of Department on work with partners and mortgage lending of the savings Bank Nikolay Vasev, the minimum bet will be offered when you refinance only mortgage loan and will be 10.9% per annum, the correspondent of RBC.

“When you refinance the mortgage with the consumer and other loans in other banks, and cash advance under personal goals, the rate ranges from 11,15 to 11.65% per annum,” he said.

Programs of refinancing of interest primarily to those borrowers who took out loans about a year and a half ago, when bets on the mortgage market were significantly higher. Such products allow, as a rule, reduce debt, consolidate multiple loans into one on more favorable terms, and to an additional amount on personal goals.

As explained RBC representative of the press service of Sberbank, is still the refinancing of mortgage loans of Sberbank will be available in some regions in the framework of the pilot (in Moscow, the Moscow region, the Urals, etc.), and now starts a new product throughout Russia.

Sberbank offers, in particular, mortgage refinancing from another Bank, refinance mortgage loan another Bank with the consolidation of other consumer loans and credit cards, and mortgage refinancing from another Bank with the provision of cash funds for personal purposes. It’s also possible refinancing of the borrowings of the savings Bank, but not the mortgage, said the representative of the press service of the Bank.

The maximum amount for repayment of the mortgage is in Moscow and Moscow region, 7 million rubles, in other regions — 5 million rubles the Maximum amount of repayment of other loans of 1.5 million rubles., personal goal of 1 million rubles.

Central Bank can extend loans, the DIA payments to depositors and Bank rehabilitation

Photo: Alain Kondyurin for RBC

The Bank of Russia can extend the term of the loans, which he was given ASV on payment of insurance to depositors of the failed banks and recovery of the ailing players. This is the first official recognition of difficulties with the return of these funds

The right Bank of Russia to extend loans to the DIA, stated in the amendments to the second reading of the bill on the creation of a Fund for the consolidation of the banking sector (available RBC). Today, April 17, the state Duma Committee on Finance supported the amendment, reports the Agency “Prime”.

From the wording: “the Bank of Russia may take a decision about prolongation of period of validity of the credit agreement, under which the state Corporation “Agency on insurance of contributions” granted credit without collateral, for a period of up to five years” — not clear on what the loans involved. But given that the amendment is made in paragraph 5 of article 46 of the law “On the Central Bank”, which refers to as loans to replenish the Deposit insurance Fund and the funds of the Central Bank to prevent Bank failures, to renew you, both types of loans.

The Deposit insurance Fund is funded by the Bank in the summer of 2015 when it became scarce due to large insurance payouts to depositors in connection with frequent reviews of licenses.

Loans are issued on the reorganization of the Central Bank since late 2008, when a law was passed regulating the health of banks. ASV in this case acts as an intermediary: the Agency received loans from the Central Bank, and displays them in the form of loans the sanatory involved in the rehabilitation of problem players.

Non-renewable Fund

Initially, the insurance Fund was financed by quarterly contributions from the banks. They pay to the Fund a certain percentage of their attracted funds of the population. These funds were enough for insurance payments to depositors when withdrawals until the moment when the clearing Bank market from dubious and unstable players, the Central Bank initiated in 2013 has gained momentum.

As a result, in 2015, the ASV appealed for financial support from the Central Bank. Initial credit limit approved by the regulator to replenish the Deposit insurance Fund amounted to 110 billion rubles, funds were provided for up to five years. However, clearing is still going on, and with it grows and the debt of the DIA to the Bank. Limit the Agency’s credit line from the regulator is 600 billion rubles, of which selected 549 billion rubles, said the press service of the DIA. The balance of funds on Deposit in the Fund on 31 December 2016 was 0.25 billion rubles, specified in the ASV.

These debts clearly correlate with the payments to depositors. In 2016, the reimbursement amounted to 568,4 billion rubles for 88 claims against 369,2 billion rubles in 2015. The contributions from the banks is not comparable with the cost in 2016 of a credit institution transferred 109,46 billion rubles, in 2015 — 78.9 billion rubles

Supported by the state Duma Committee on financial markets of the amendments — in fact the first official recognition of the magnitude of the problems of the DIA with the repayment received from Central Bank funds within the established deadlines. Amendments are proposed to more than double, which will facilitate the servicing of these loans.

Still the situation can be assessed only indirectly. In particular, as reported by RBC, in March of this year, the DIA has decided to transfer the Central Bank as payment for their debts new office on Mosfilmovskaya street in Moscow cost about 6 billion rubles. it is Now clear that this is not enough.

“The extension of loans to Bank — statement imminent: the amount of insurance contributions from the participants of the Deposit insurance Fund and the amount to sell the DIA assets of bankrupt banks are insufficient to refund the Agency the Bank of Russia”, — says the managing Director on Bank ratings “Expert RA” Stanislav Volkov. Is the recognition that the scale of the problems in the purification market has exceeded expectations.”

“The burden on the Deposit insurance Fund is not reduced, so the DIA needs a rollover of the existing loan agreements,” — said the head of the group Finance ACRES Kirill Lukashuk. After finishing cleaning of the banking sector should take some time to the Corporation has been able to restore its insurance Fund by contributions of banks, but this process may take several years, he States. In the beginning of the year, Central Bank head Elvira Nabiullina stated that the clearing of the banking market can be completed within two to three years.

Fatal recovery

As for the extension of loans for the rehabilitation of banks, despite their large volume, the situation is less tense.

According to ASV, as of 1 January 2017, the total amount of funds allocated for financial recovery of banks amounted to 1.2 trillion rubles. taking into account the repayment of principal.

This debt through banks-sanatory. As with the results of such loans and their repayment, the DIA acts as an intermediary.

The problem with these loans not only the repayment of the funds received from the Central Bank, but also in the desire of sanator to increase the amount originally allocated for the recovery of funds. Requests for extension of loans, these banks are motivated by a revealed holes in the balance sheets of reorganized their players. So, holding “Open” sought the DIA another 47 billion rubles on sanitation of “Trust”, which has allocated 127 billion rubles In may 2016 Transcapitalbank reported that it is necessary for the rehabilitation of Investtradebank additional RUB 26.2 billion to 29.7 billion rubles, which he has already received a recovery for a period of ten years.

To increase the funding of the Central Bank and ASV in most cases refuse. Instead, a number of banks had promised to extend the term of loans and thereby alleviate the debt service. In September 2016, the newspaper “Vedomosti”, citing its sources wrote that were extended credit, in particular, on the reorganization of the Bank “trust”.

Now, under the extension announced legislative framework.

Insurers have assessed the risks a three-year comprehensive motor insurance

Photo: Artem Zhitenev / RIA Novosti

The Ministry of Finance plans to give the owners the right to buy three-year policies “avtograzhdanki” and offer them a new product — CASCO insurance. It may “modernize” the CTP market, but it completely will not solve the problem, experts say

“Elements are introduced liberalization in the execution of the CTP, it is possible to acquire insurance policy for three years and to obtain insurance of the type “gold”. Will be able to buy OSAGO plus KASKO in one contract, i.e. comprehensive car insurance,” — said in an interview to “RIA Novosti” Deputy Finance Minister Alexei Moiseev. According to him, new products can be introduced after the adoption of the new bill “in the liberalization of tariffs OSAGO”.

Now the contract of compulsory third party liability insurance can be issued for a period of three months to a year, according to the law № 40-FZ (on compulsory insurance of civil liability of vehicle owners). United policyholders hull and CTP do not exist.

RBC surveyed the top 10 insurance companies for premiums for insurance (based on data of the Central Bank) about the initiatives, listed by the Ministry of Finance. Participants of the market ambiguously estimate them.

The pros and cons

“The Ministry of Finance announced measures will help to streamline the CTP market, to promote the liberalization of tariffs and in General cause the approval of insurers and analysts,” said RBC representative of “AlfaStrakhovanie”, noting that in General his company endorses the initiative.

However, the lack of detail in the announcement of the Ministry of Finance, much will depend on how these ideas will be implemented, indicate market participants. “If the new bill, it will be selling insurance for three years by mutual agreement of the client and the insurance company, this will mean a net liberalization and more market conditions”, — said the managing Director of ratings of insurance companies “Expert RA” Alexey Yanin. But if it will be mandatory consent of the insurer to issue the policy for three years at the request of the client, it will only benefit the car owner, he said. “The insurers there would be difficulties if they have no choice,” explains Janine. In particular, calculate the risks, and the creation of reserves for them for the next three years is more difficult than for a year, he explains.

The Union of two policies hull and CTP in one also at first glance seems insurers a good idea. “We are talking about the possibility of more flexible tariff setting by combining two risks in a single insurance policy that will not be contrary to law,” — said the Director of the group ratings of financial institutions of an ACRE Alexey Bredikhin. “The combination of policies may be an attempt to reduce losses of insurers from insurance, since hull insurance is more profitable,” adds the head of a large insurance company. “The insurer will be able to get from the client money directly for hull and CTP and offset one over the other,” he said.

However, there are obvious disadvantages in these initiatives, experts say. Development Director of insurance IC “MAKS” Sergey Pechnikov believes that to pay for the insurance policy for three years can not all. “In addition, such innovation can take place only if the transition to free rates. Otherwise, taking into account currency fluctuations and inflation, there will be additional burden on the insurance industry at the expense of worsening the situation with the unprofitability,” he adds.

Speaking about three-year insurance policy, market participants indicate: the question remains of inspection, the successful completion of which is the basis for the issuance of the policy. Whether to lengthen the interval between inspections for older vehicles (currently year) by increasing the validity period of the insurance policy — the key issue from the point of view of traffic safety, indicate market participants.

Not a panacea

The effect of the proposed MOF measures will, of course, but the core issue of the loss of the CTP segment for insurers — all the innovations will not solve, according to insurers.

According to Alexey Bredikhin, you must first overcome the crisis in insurance, where the main pain points — the rates and availability of huge losses in “toxic” regions. “In addition, insurers in connection with these innovations will have to upgrade IT-component system, which will require expenditures and additional resources for improving sales systems, and even simple calculators on insurance websites,” says Director of retail business OSAO “Ingosstrakh” Vitaly Knyaginichev.

According to the source RBC familiar with the situation on the market of auto insurance, an initiative of renewal of insurance could even worsen the current situation, as it will deprive the insurance companies of the ability to refuse problematic customers after the first year of service, forcing the insurer to keep them for three years. In addition, this initiative can contribute to the emergence of unscrupulous companies that the money collected from the customers for three years, then fade into obscurity, the fear of the interlocutor of RBC.

Followed the statements of the Ministry of Finance and unambiguous reaction from the direct regulator of the insurance market in the face of Bank of Russia. In RBC, the Central Bank said that a comprehensive proposal on the proposals of the Ministry of Finance, the regulator has not yet received. “The individual elements of the presented innovations require economic justification, which we also did not see”, — said the representative of the press service of the Central Bank.