"Banker of the Year" Patrushev worsened Rosselkhozbank indicators five times

Rosselkhozbank under the leadership of Dmitry Patrushev accelerated the pace of accumulation of impressive losses.
Origin source
Russian Agricultural Bank (Rosselkhozbank) since that time, as his steering was the son of the former director of the Federal Security Service, Security Council Secretary Nikolai Patrushev Dmitry develops outside the laws of economics.

The agricultural market of the country due antisanktsiyam is on the rise, borders are closed for the entire class of products, which is destroyed by ruthless excavators, the state helps domestic producers ... But the more work, the greater the loss shows RAB: bank, through which was supposed to go support Agrarian country complex falls into the financial hole.

In 2014, its losses amounted to 7.5 billion rubles, in 2015 they jumped yes 72.6 billion - an absolute anti-record bank since 2008. Figures for the year 2016 cause discouragement among experts, who can not understand how in the second quarter of this year, Patrushev has increased the debt of the bank in comparison with the first quarter one-fifth, to 21.3 billion rubles.

Among the reasons for failure Rosselkhozbank called distressed debt. At the beginning of the year the volume of bad debts in its corporate portfolio under RAS rose over the year from 165.8 billion rubles. up to 226.2 billion rubles. delinquency rate - from 13.4 to 14.9%. But the question is, what else can you expect from a bank, which endows it owned asset relatives agricultural minister Tkachev, where management of stealing across the administrative chain, where the financial situation made better by loans from the "Rosneft", which it hopes to RSHB when- a "dissolve" themselves.

The figure of 21.3 billion follows from IFRS bank published yesterday. Of the banks that reported under IFRS, and the big players have done almost everything results from RAB - the worst. The reason - the increase in reserves. Allocations to the reserves it had increased to 26.3 billion against 24.6 billion rubles. in the same period last year. Despite the fact that the bank's loan portfolio remained at the level of the beginning of the year -. 1.62 trillion rubles, having decreased by 0.2%. Thus, it was not possible to save the emerging in the first quarter of this year, the trend in the reduction of allocations to reserves Rosselkhozbank.

Recall, for the first three months of accrued Bank 13 billion rubles. reserves (against 20 billion rubles. a year earlier), while its loss in the first quarter (4;. Bln) was five times less than in the same period last year. Thus, yesterday's statements demonstrated: the improvement of the situation was short-lived, unlike other state-owned banks, which reduces the contributions to reserves for loan portfolio in accordance with IFRS - Sberbank, for example, for the second quarter reduced the payments by 16%, to 98 billion rubles.

However, at the bank argue that the quality of the loan portfolio has changed significantly since the beginning of the year. Gross impaired loans remained the same - at the level of 16% of the portfolio, a quality deteriorated further, it implies a comment Bank. "Contributions to the provisions related to the revaluation of risk on the assets of companies included in the banking group, - reported in RSKHB.- dorezervirovaniya total volume was 10 billion rubles, more than 16 billion rubles of reserves was formed as a result of the sale of NPLs at a discount.." .

At the same time, according to experts, even the increased provisioning is not cover bad loans in full. Just the level of NPL (loans overdue more than 90 days) on a quarterly eyou Rosselkhozbank does not disclose. However, to a large extent can be judged on the cover based on the index of the reserves to the loan portfolio, analysts say. The bank he has just over 10% of the loan portfolio. "According to our estimates, the problem area at Rosselkhozbank is more than 20% of the loan portfolio (they are treated as overdue loans and credits" under the supervision "), and the level of coverage of NPLs reserves from him - about 50%, while as in other Russian banks - about 70% ", - analyst Olga Ulyanova Moody`s.

The situation with problem loans reduces the revenue base of Rosselkhozbank, and therefore does not give the bank restore business margins even at the low level, that was his before the crisis in 2014 (about 3%, now - about 2%), while the other gosigroki situation of marginality business gradually improve. "Sberbank margin rebounded (5.6%) to the level of mid-2014," - counted BCS analyst Olga Naydenova. Low margins, in turn, inhibits the rate of build-up of reserves, as this will cause further damage growth and put pressure oncapital, said Olga Ulyanova.

Another aspect of negatively affecting the margins Rosselkhozbank business - higher than that of other state-owned banks, the cost of funding, she said. Historically, Rosselkhozbank, in contrast to the state-owned banks, is extremely low share of free funds in client accounts - for example, the Savings Bank in the media to retail customers, this share is about 50%. "We are working towards increasing the free balances, and if two years ago, the share of accounts in customer funds was 15%, now it is 20-25%, and our target - 30-35% The bank also continues to increase in the loan portfolio. the proportion of shorter loans, "- said the deputy chairman of the Rosselkhozbank Kirill Levin. In doing so, attracted by RAB agents are more expensive than other state banks. With this, too, intend to fight with the bank. "The Bank continues to lower the cost price of liabilities - the first half of 2016 this figure amounted to 8.5% against 9.7% for the same period last year - said Kirill Levin While the return on assets increased from 10% to 10.5 %. " Sberbank in the second quarter with a return on assetsTawil 10%, and the cost of borrowed funds - 4.7%.

By the way, against the backdrop of blatant mockery almost inevitable collapse of systemically important bank of the country sounded information that the Association of Russian Banks recognized the chairman of the board of Rosselkhozbank Dmitry Patrushev "Banker of the Year". Among the achievements Patrushev-junior jury noted the results of the bank "in the key areas of business, contributing to the development of the national economy, in particular the agro-industrial complex of Russia."