Cbanker says many Russian banks violate owners’ credit risk ratio

TULA, Feb 2 (PRIME) -- Russia’s central bank does not plan to delay introduction of the H25 regulatory ratio, which restricts concentration of risks on owners’ business, even though several dozens of banks already violate the ratio, First Deputy Chairman Alexei Simanovsky told reporters Tuesday.

The ratio caps bank’s credits to affiliated individuals at 20% of capital in order to decrease concentration of risks imposed on businesses of banks’ owners. The authority planned to introduce the ratio in 2016, but later delayed it until early 2017.

“As I see it, we cannot delay it anymore,” Simanovsky said. “There are banks that do not meet the ratio. The banks that cannot find themselves in the ratio’s perimeter are carrying out work to comply with it by January 2017 under our recommendations.”

Even through there are several tens of banks that violate the regulation, the central bank will not delay the introduction. “We are soon to think how to enter these shores gradually, with what speed to create conditions to exclude shocks and lies so that we enter the ratio in a balanced state,” he said.

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