Capital of Russian banks must increase double in size

10.01.2012 From 1 January 2012 the new minimum capital requirements for Russian banks came into effect. Now a bottom level is 180 mln. rubles instead of previous 90 mln. rubles for existing banks and 300 mln. rubles for new ones established on the territory of the Russian Federation.
Obviously, not all the banks in terms of adverse effects of the crisis will increase their capital to a specified level. For all those that are objectively unable to raise capital, there is a direct threat of the withdrawal of the license of the CBR.
One of the scenarios is transformation of the banks into settlement non-banking credit organization. Central Bank of Russia has recently declared about the possibility of excluding licenses of around 20-30 banks in 2012. However, most likely, their number will exceed the specified limits.

Expert’s opinion

“The so-called "banking issue" extensively discussed in Western Europe, today addressed the Russian Federation also. In general banks' capital raising level to rid the market of the insolvent components is the expected scenario. EU countries during a number of meetings that address a "banking problem", pointed out a list of banks that enjoy public support.
Other "helpless banks' need to cope with the situation themselves. Russian officials propose projects for increasing the minimum bar for bank capital to 1 billion over the next 5 years”.

On the basis: www.ria.ru

Vorontsova Maria ( the lawyer of international consulting department of Honest&Bright)