In Natsinalnom Bank of Ukraine believes that it is too early to speak about the crisis. This was stated by head of advisory group head of the National Bank of Valery Litvitsky, says "Mirror of week". According to him, the real GDP growth in Ukraine in 2010 amounted to about 4,5%. "In many respects - is reducing the growth and keep him in 2011 will not be easy, since the base of comparison will be higher" - he said. Litvitsy noted that in 2010 in Ukraine for the first time at the same time, GDP growth has exceeded budget projections, and inflation was below expectations. For inflation the real figure was better than 4% (the forecast inflation rate was 13,1% 9,1%), the economic growth - 0,8% (4,5% growth forecast at 3.7%). "This is perhaps the first time such a favorable combination, when inflation has slowed and economic growth has accelerated, - the expert said. At the same time, he said that because of the economic sectors are in negative zone (agriculture - 1% at the end of 2010 and construction - 5,4%), it is too early to speak about the crisis. "Most likely, we can say that the lowest stage of the crisis passed, there is a turning point" - believes Litvitsky. Litvitsky also believes that the main driver of economic growth in 2010 was the external demand. But the main factor of economic growth in 2011 will be domestic demand. "I remain a moderate optimism and believe that the result achieved in the past year, may not only be surpassed, but exceeded", - concluded the adviser.
Thursday, September 1, 2011
Banks may get to sell foreign exchange earnings
Ministry of Economic Development and Trade of Ukraine proposes to introduce a requirement for mandatory sale of foreign exchange earnings. Relevant Draft Law of Ukraine "On temporary introduction of requirements for the mandatory sale of foreign exchange earnings, has been published on the site office. The purpose of the bill is to provide the National Bank of Ukraine the right to enter a period of 6 months the requirement of mandatory sale of foreign exchange earnings for the benefit of residents and nonresidents in the case of threats to the formation of deficits. As a consequence, the National Bank in case of tension and threat of an imbalance in the foreign exchange market will be able to provide a guaranteed sale of foreign currency, which will fully perform its basic function - to ensure the stability of the currency. As stated in a memorandum today Ukraine is a country with a small open economy, poor levels of investment attractiveness, high dollarization and a critical dependence on external economic conditions for raw materials. The introduction of requirements for the mandatory sale of foreign exchange earnings will contribute to solving one of the major challenges facing the Ukrainian economy, namely the increase reserves, which will allow reduction of dollarization will increase the manageability of the money market will be an important factor for financial stability and to increase lending. Consequently, the creation of this legislative rule will contribute to the replenishment of reserves of the National Bank, and keeping stability of the nominal exchange rate of hryvnia against the U.S.
Which banks Ukrainians to keep their money
A third of Ukrainians savings accounts for only three banks - Privatbank, Dnipropetrovsk owned by businessman Igor Kolomoisky and Gennady Bogolyubov, State Oschadbank, and financial institution with the Austrian "roots" Raiffeisen Bank Aval. In sum, these banks hold 91.4 bln. of Ukrainian citizens. This is evidenced by its financial statements published on the official site NBU. So, according to the regulator, the beginning of 2011 the accounts were Privat 54.8 bln. of the population, or 19.9% ??of the total deposit portfolio of the banking system of Ukraine. Household deposits in Oschadbank at that date amounted to 19.5 bln. (7,1%), Raiffeisen Bank Aval - 17,1 bln. (6,2%). Fourth place in the list of the largest custodians of savings Ukrainians took UkrSibbank owned by French banking group BNP Paribas. His commitment to physical persons to the beginning of this year reached 12.9 billion USD. (Market share - 4,7%). Closes the five "darlings" of the population state Ukreximbank. The confidence of depositors in this bank is estimated 12,4 billion UAH. (4,5% market share). According to "Delo", National Bank is exploring the possibility of a substantial limitation on the premature withdrawal of depositors' funds from time deposits.
NBU extends the work of the interim administration in the bank "Nadra" until mid-August
The National Bank of Ukraine (NBU) has extended the work of the interim administration in the bank "Nadra" (Kiev) to 12 August 2011, according to the NBU website. Two-year period of interim administration in the bank "Nadra" expire February 11, 2011. As reported, the interim administrator of the bank's Feb. 11 decision to increase its authorized capital to 9.9 times, or on 3,5 billion UAH, - up to 3.89 billion USD by the additional issue of shares. The Bank intends to hold a private placement of shares at UAH 10 in two phases in the period from February 23 to March 10, 2011. Earlier the head of the NBU Sergei Arbuzov said that the NBU has approved a plan of capitalization, with the participation of the private investor. However, he said he did not rule out the possibility of providing public funds to increase the regulatory capital of the bank. Nadra Bank was founded in 1993. Financial institution claims to be recapitalized through the budget. Co-owner of a gas trader RosUkrEnergo (Switzerland), owner of Group DF (Austria), a Ukrainian businessman Dmitry Firtash in May 2010 said he was willing to invest in the bank "Nadra" 5 billion USD on an equal footing with the state. By early 2011 its largest shareholders were Novartik Trading Limited (60,9967%), and Manmade Enterprises Limited (both - Cyprus, 30.7406%). On materials the Interfax-Ukraine
In Lutsk robbed Privatbank
Last night at the Lutsk Branch of the robbery was committed "Privatbank". UNIAN was informed about in the department of Public Affairs, the Ministry of Internal Affairs of Ukraine in the Volyn region. According to the report, two unidentified men ran into the room, stunned security guard and, at gunpoint, took the money and then quickly left the room. Bank employees were not injured. It is not known how much money was stolen robbers. Today, the chief of the Lutsk city branch of Ministry of Internal Affairs in the Volyn region Roman Krokhmal hold a press conference on the subject.
In Latvia, the increased guarantees on bank deposits to 100,000 euros
Performing EU Directive, from January 1 this year, Latvia has twice raised the state guarantee for bank depositors. Henceforth, any client of the Latvian bank in the event of insolvency of the state receives from 100 000 euro instead of 50,000, or if its contribution is less than this limit - the entire deposit amount. These changes have been made in the Act on Deposit Guarantees and distributed completely to all customers of Latvian banks - individuals and legal entities, residents and non-residents. Compensation of 100 thousand euros is provided for contributions to any Latvian bank. EU Directives define the level of state compensation of bank deposits in member countries of the alliance. In the past few years, Latvia consistently raised the ante to 15 thousand euros in 2006 to 50,000 in 2008 and, finally, to today's 100,000. Latvian bankers assess this fact as an additional plus for the reputation of the country's financial system. "Despite the current difficult situation with the budget, our government has decided to double the amount of guarantees. This speaks to the responsibility of the authorities and the stability of the financial industry, which is on the verge of new growth. Rates in Latvian banks by the standards of the EU is very good, and given the high level of state guarantees, we should expect an influx of new deposits ", - said Alexander Pankov, president of the bank Rietumu, who two years ago led the top profitable banks in the country. Until now, Latvia has not had to resort to the mechanism goskompensatsy - country's banking system is robust enough, and experts predict that promises to be one of the flagships of the local economy.
Appeal chairman Oschadbank to investors Rodovid Bank
of Oschadbank conjunction with the National Bank of Ukraine and the Cabinet of Ministers of Ukraine carried out a robot to solve the issue of payment of the deposit Rodovid bank. "After adoption of the relevant decision of the Cabinet of Ministers of Ukraine, all the contributions from Rodovid "given the interest accrued under the terms of deposit agreements will be transferred Oschadbank. As the technology transfer of the deposit provides for a registry, it will take some time. Today in Oschadbank launched the preparatory process to ensure the most expeditious conduct of payments. This was stated by Sergey Podrezov, Chairman of the Board Oschadbanka "in his address to shareholders," RODOVID ", the text of which has LІGA.Finansy. The technology benefits will include these steps: - obtained from Rodovid Bank registry of all depositors will be distributed at the place of the contract - on a toll-free phone Call-Center Oschadbanka "(which will report later) will be available when and where will be paid. At the request of the depositor payments may be fully implemented. The technology provides for the return of deposits paid accrued interest under the terms of the contract; - to get money to the depositor will need to provide a deposit agreement, passport and proof of identification number. "We assure you that Oschadbank make every effort to carry out the payment at the appropriate level to ensure comfortable conditions for depositors Rodovid bank.
Bank of Moscow has been fined 70 million rubles for collusion in the insurance market
Office of the Federal Antimonopoly Service in Moscow issued a decree imposing fines against the Bank of Moscow. As stated in the message department, 10 December, the Commission recognized FAS in the actions of the bank and several insurance companies ("Insurance Group IIC, ROSNO, Ingosstrakh, Renaissance Insurance Group", "Alfa Insurance", "FAC", "Rosgosstrakh ) a violation of the law on protection of competition. Flag as reflected in the fact that the contract with the bank under the "Mortgage lending, the consumer is obliged to insure up to the actual date of the loan (other than the subject of mortgage insurance), risk of loss of life, as well as temporary and permanent disability and loss of ownership of real estate . At the same time to abandon the insurance was not. Such conditions lead to the imposition of the counterparty disadvantageous for him with the contract, said FAS. Violators were issued an order to disclosure on its website information about the possibility of rejection of non-binding under the law of insurance. However, the requirement was not enforced. As a result, Bank of Moscow has imposed a fine of 70.48 million rubles. It is worth recalling that the president of Bank of Moscow Andrey Borodin left Russia to escape prosecution on charges of fraud with a major credit issued by a bank headed Inteko, the wife of ex-mayor of Moscow, Yelena Baturina. Consequence of planned last week to change the status of the President of the Bank of Moscow Andrey Borodin on a suspect accused in a criminal case on illegal loan.
Bank services clients overpays 6.5 million lats
This year, the Latvian government intends in the form of the recently introduced tax levies, duties of financial stability, to get into the state budget 6.5 million lats. Some commercial banks, which have to pay this fee already calculated the amount of funds required for payment of the fee this year, some have not yet completed calculations. But it is already clear that, in fact, the costs associated with this duty, shift the banks on customers. Latvia this year, followed by many other countries, began to apply the duty of financial stability, size of which is 0.036% per annum of the total liabilities of financial institutions at the end of the taxation period. Bank Swedbank have to pay about 750 000 lats, SEB banka - approximately LVL 500 000, Citadele - 200 000. In Nordea the amount of duty is not counted. "It is understood that any tax increase tariffs for banking services, essentially paying bank customers", - said in a conversation with a newspaper NeatkarD "gDЃ representative Nordea Dagnija knocking. Source: rus.DELFI.lv
For the year significantly increased the reputation of banks in Latvia
In 2010 in Latvia has improved the overall assessment of corporate reputation of the Latvian banking market - by 8 points, ie up to 36 points indicate the results of research conducted by TNS Latvia. As noted at the press conference, experts TNS Latvia Inta Priedola, an increase of 8 points - rapid, the reputation of the banking sector back to its previous level. Note that the best indicator in Latvia - 55 points - the bank SEB. Incidentally, the average bank's reputation in Europe - 42 points. During the year the reputation of European banks fell by 6 points. In Europe there is now a tendency to fall the bank's reputation. Compared with other European countries where society has a longer experience in the financial sector and its assessment, the Latvian audience reacts to different changes are much more emotionally explained Priedola. "There is a tendency to that in large measure we blame in many of their woes banking and financial industry," - she said, noting that it was largely affected by the zero point of reputation, but since last year, came a broad exchange of views between the banking sector and residents, this contributed to a much more rational assessment of the banks, writes agency BNS. In previous years the reputation of banks in society is reduced due to factors such as less attentive to the customers, credit boom and an ill-conceived monetary policy, global economic crisis in the world, as well as the resolution of the situation with the collapse of Parex banka at the expense of the state budget.