Half a trillion gone: the Business runs from Russian banks

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Полтриллиона как не бывало: Бизнес бежит из российских банков

Private business runs from the Russian banks: only for the month of April, the corporate accounts were devastated to 480 billion rubles. Most of the lost Gazprombank, its losses amounted to 298 billion. From the banks of the VTB group legal entities derived 282 billion. Citibank lost $ 60 billion on corporate accounts.

Holes in the balance sheet had to plug up the Central Bank and Ministry of Finance, which has already yielded 543 billion rubles in the Russian banking system. Also to keep lending institutions afloat helped the citizens of Russia who have put on deposits 277 billion.

Public money made in the banking system is an interesting circle: 352 billion was transferred to AVTOVAZBANK, who took over from the Central Bank of 338 billion rubles, 205 billion of them put in a PSB, and 96 spent to repay debts to him. Money controller will be purchased the bad assets of PSB, and the obtained profit will be directed on repayment of debts before the Central Bank. That is, state money, the Central Bank will be repaid the debts of a private Bank before the regulator.

Also help banking system had budgets of all levels from the Federal to the regional to the $ 133 billion. The state continues to pour money into “Gazprombank” and “Rosselkhozbank”, but the capital adequacy ratios of credit institutions fall. With the price of a dollar to 70 roubles per unit of the banks will not sustain established by Central Bank regulations for capital, and the regulator will be forced to reduce them.

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