Russian Agricultural Bank (Rosselkhozbank) in 2016 plans to reduce the share of overdue loans up to 15% of the portfolio. Next year it will be 14% and will continue to decline by 0.1-0.2 n. N. A year. These figures are incorporated in an updated "long-term program for 2014-2020 Rosselkhozbank." (With its familiar design "Vedomosti").
According to the international reporting of the bank at the end of 2015 the share of overdue loans (including loans requiring special attention) was over 20% (21.6% - including overdue less than 31 days, and 20.3% - excluding it). At the end of 2015, overdue more than 90 days outstanding Rosselkhozbank was 16.7%, adds Fitch analyst Alexander Danilov. Moody's assesses the proportion of bad loans Rosselkhozbank approximately 20% of the loan portfolio.
Rosselkhozbank half help
"Theoretically it is possible to achieve a reduction of the delay factor in several ways: its actual recovery (or collateral), restructuring with the transfer into the category of performing loans, debt write-offs against the allowance (if coverage is incomplete and reserves need to be dosozdavat, it may hit the capital) or a growingie the portfolio (which will increase the denominator), "- lists the possible actions Danilov Rosselkhozbank. Technically, reduce the proportion of the bank's delay possible - for example by restructuring the loans, agrees to the head of the banking group ratings ACRA Cyril Lukashuk: "But I do not see how in such a short time to do it in reality - only on paper."
For reduce the share of overdue loans difficult by increasing the loan portfolio. Rosselkhozbank in the "Report on the performance of the first half of 2016 Strategy to 2020" says the stagnation in demand for loans. By July 1, the credit portfolio of Rosselkhozbank was 1.714 trillion rubles., Is scheduled to range from 1.6 trillion to 1.75 trillion rubles., In 2017 the credit portfolio to grow to 1,77-1,96 trillion rubles.
In the program for the "gradual reduction of the level of overdue debt" restructuring and Rosselkhozbank loans it offers itself to capitalize. The previous version of the strategy approved in April called for 10 billion rubles. in 2016, another 10 billion in 2017, 19.5 billion in 2018 and 20 billion in the next two years. However, already in 2016 to state supportla reduced to 8 billion rubles. "In the process of optimization of federal spending." In addition, the Ministry of Agriculture according to the draft program of agricultural development up to 2020 considering the possibility of reducing the capitalization of Rosselkhozbank in 2017 from 10 billion to 5 billion rubles.
In the past two years the bank has to raise capital in the debt market, placing perpetual bonds and attracting subordinated deposits. In August, the bank posted a perpetual subordinated bonds for 10 billion rubles. (The rate of the first semi-annual coupons of 20 - 14.5%), and on Wednesday closed another deal - 5 billion rubles. "The possibility of further placements are severely limited by the market and the high cost of attracting. The situation is expected to change fundamentally in the medium term "- the document says. The Bank expects to capitalization due to the state, since the implementation of the strategy depends on how it will be provided "long-term resources on acceptable terms."
Agricultural Bank has reduced the net loss by almost 2 times in the first half
"The absence of complemential funds to replenish capital could slow recognition of the problems by the bank ", - indicates Danilov. Now, according to Moody's, about half of the troubled loans covered by Agricultural Bank reserves, the average for Russian banks, the figure - about 70%.
Rosselkhozbank representative said he could not comment on the supervisory board approved the program, calling the figures presented in the article "incorrect."
Dmitry Patrushev, Rosselkhozbank predpravleniya:
"Dealing with distressed assets - the theme for us is always in the foreground. We created five years about 200 billion rubles. reserves and charged to the same amount of assets; Portfolio quality has improved, however, it's probably worse than in the whole banking market. But there is a positive trend. " At a meeting with President Vladimir Putin on June 2, 2016