Russian banks calculate losses from investments in the stock market. It is estimated Bank of Russia, in December bank losses on investments increased by 10%. Continued volatility in financial markets remains one of the main risk factors, pressures on the situation in the banking sector.
In December the Russian banks losses on revaluation of securities portfolios amounted to 63.5 billion rubles., A 10% increase a month earlier losses should the review of the banking sector of the Russian Federation on the website of the Central Bank. In November, as a result of the negative revaluation of securities banks lost 57.6 billion Russian rubles. In October - 46 billion rubles. In September - 92.3 billion rubles. The losses of the banking sector from the revaluation of investments in bonds in December amounted to 48.8 billion rubles., A negative revaluation of investments in equity securities - 14.7 billion rubles. Russian banks in December, increased investments in securities at 2.2%. At the same time investments in debt securities rose by 0.9% in equity securities - 13% in discounted bills decreased by 5.7%.
Bank losses from revaluation of securities triggered volatility in the stock market, which was observed during the last two quarters of last year. The ongoing crisis in the eurozone, political instability, aggravated after the parliamentary elections in Russia against the background of risk aversion around the world, triggered decline in asset prices on the Russian stock market. Thus, only in December, the MICEX index fell by 6.5%, reaching 1402 points. Dollar exchange rate in December rose by 1.41 kopecks., Exceeding the year-end mark of 32.15 rubles. / $.
While losses from investments in the market recorded on paper and the main risk - liquidity shortages worsening as a result of which banks might be forced to sell securities, fixing damages. The fact that banks may be forced to sell securities because of the liquidity situation in an interview to "Kommersant" said the head of Sberbank German Gref. "The liquidity crisis is obvious. To address the liquidity crunch has been developed a detailed plan for funding in 2012. It includes measures to attract public funds and business assets of the Central Bank through direct REPO transactions, the issue of Eurobonds. Given the uncertainty in macroeconomics, the bank may also need additional tools to address the shortage of liquidity offer higher rates on deposits primarily corporate clients, participate in auctions of Treasury, the sale of portfolio securities ", - stated the President of the Savings Bank in an interview with" Kommersant " at the beginning of this week.
Last year, Russian banks have record profits - 848 billion rubles., Previously reported the Bank of Russia. Despite the fact that a substantial part of it formed by the dissolution of reserves, the main activities of the banks have also shown impressive results: corporate lending increased by 26%, retail - 36%. Meanwhile, this year for most banks incorporated more pessimistic scenario in terms of profits.
In December the Russian banks losses on revaluation of securities portfolios amounted to 63.5 billion rubles., A 10% increase a month earlier losses should the review of the banking sector of the Russian Federation on the website of the Central Bank. In November, as a result of the negative revaluation of securities banks lost 57.6 billion Russian rubles. In October - 46 billion rubles. In September - 92.3 billion rubles. The losses of the banking sector from the revaluation of investments in bonds in December amounted to 48.8 billion rubles., A negative revaluation of investments in equity securities - 14.7 billion rubles. Russian banks in December, increased investments in securities at 2.2%. At the same time investments in debt securities rose by 0.9% in equity securities - 13% in discounted bills decreased by 5.7%.
Bank losses from revaluation of securities triggered volatility in the stock market, which was observed during the last two quarters of last year. The ongoing crisis in the eurozone, political instability, aggravated after the parliamentary elections in Russia against the background of risk aversion around the world, triggered decline in asset prices on the Russian stock market. Thus, only in December, the MICEX index fell by 6.5%, reaching 1402 points. Dollar exchange rate in December rose by 1.41 kopecks., Exceeding the year-end mark of 32.15 rubles. / $.
While losses from investments in the market recorded on paper and the main risk - liquidity shortages worsening as a result of which banks might be forced to sell securities, fixing damages. The fact that banks may be forced to sell securities because of the liquidity situation in an interview to "Kommersant" said the head of Sberbank German Gref. "The liquidity crisis is obvious. To address the liquidity crunch has been developed a detailed plan for funding in 2012. It includes measures to attract public funds and business assets of the Central Bank through direct REPO transactions, the issue of Eurobonds. Given the uncertainty in macroeconomics, the bank may also need additional tools to address the shortage of liquidity offer higher rates on deposits primarily corporate clients, participate in auctions of Treasury, the sale of portfolio securities ", - stated the President of the Savings Bank in an interview with" Kommersant " at the beginning of this week.
Last year, Russian banks have record profits - 848 billion rubles., Previously reported the Bank of Russia. Despite the fact that a substantial part of it formed by the dissolution of reserves, the main activities of the banks have also shown impressive results: corporate lending increased by 26%, retail - 36%. Meanwhile, this year for most banks incorporated more pessimistic scenario in terms of profits.
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