Fitch sees ruble rate of above 70/USD troublesome for banks - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Fitch sees ruble rate of above 70/USD troublesome for banks

MOSCOW, Aug 16 (PRIME) -- A ruble rate of above 70 rubles per U.S. dollar may cause problems with capital of some large Russian banks, while the rate of above 80 rubles would mean problems for the bulk of the banking sector, international rating agency Fitch said in a report published on Thursday.

The average capital ratios for the sampled banks decreased by 50Ц60 basis points in June after payment of 359 billion rubles of dividends, including 271 billion rubles paid by Sberbank and 74 billion rubles paid by VTB Bank. The average Core Tier 1 capital adequacy ratio amounted to 9.8% as of the end of June, the Tier 1 capital adequacy ratio to 10.4% and the Total Capital ratio to 13.8%.

УOur preliminary analysis suggests that a U.S. dollarЦruble rate above 70 (currently 66) could be challenging for a few larger banks, while a rate of above 80 could pose a problem for a wider industry, but we think that in such a scenario the central bank of Russia may become lenient to regulatory capital calculations, as it did in 2014,Ф the agency said.

The agency also registered the highest outflow of money from corporate deposits of 71 billion rubles from Russian Regional Development Bank in June. The outflow from corporate deposits with UniCredit Bank amounted to 41 billion rubles in the month, from ING Bank to 37 billion rubles, and from Bank Avers to 21 billion rubles. Still, liquidity of the four banks was at a comfortable level.

The agency also registered major inflows of corporate money to Sberbank, Alfa-Bank, and Rosbank in the month, and corporate deposits grew by 309 billion rubles, 39 billion rubles, and 27 billion rubles, respectively.

Deposits of clients with Russian banks mainly grew in June, but B&N Bank and Bank Otkritie Financial Corporation lost 20 billion rubles of money from private deposits, and Bank Rossiya lost 24 billion rubles.

(66.3772 rubles Ц U.S. $1)


16.08.2018 19:32
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 77.7529 -0.6084 21 sep
USD 66.4725 -0.5373 21 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1140.65 +0.58 18:50 20 sep
micex 2400.89 -0.15 18:50 20 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 154.35 -1.93 18:49 20 sep
lkoh 4701.00 -0.38 18:49 20 sep
rosn 438.70 +0.19 18:49 20 sep
sber 191.16 -1.41 18:49 20 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.0275 -0.1025 14:59 20 sep
USDTD 66.7525 -0.6175 17:44 20 sep