According to the decree NBU № 40 from March 15, financial institutions may pledge when you make those loans to real estate. It will be recorded with a corrective factor of 0.7. Simply put, the regulator will be counted in assessing the collateral is not 100% of its value, but only 70%.
Related article: Fines for violations in construction reached 1 million UAHUntil recently stabkredit could get the security of government bonds, debt securities of National Bank, the government guaranteed bonds of the State Mortgage Institution, guarantees of the Cabinet and of the five currencies (U.S. dollars, euros, British pounds, Swiss francs, Japanese yen). This provision was taken into account by a factor of 0.9, says Business Capital.
For real estate regulator so far include cold, so that financiers perceive the new document as a serious indulgence. "National Bank agrees to a reduction of liquidity support. Previously, it had assets quickly convertible into cash. Real estate as though it is a solid guarantee, but it is not such liquidity as other instruments. Most likely, the central bank as collateral implies seen working premises of banks and real estate assets acquired through foreclosure of bad debts, the amount which the balance sheets of financial institutions is constantly increasing ", - told the" DS "the deputy director of the Department of Risk Platinum Bank Natalia Maciejewski.
But financial experts do not expect a rapid buildup of its portfolio by the National Bank stabilization loans, which are known, are given for the normalization of banks with financial problems. "The banking system suffered a serious need for this type of financing in 2009-2010. I believe the peak demand for stabilization loan fell precisely on those years and in 2011 the NBU is not received many applications for credit, "- said in a conversation with" DS "Head of Treasury Bank Khreschatik Alexey Kozyrev. According to official statistics, the National Bank in 2009 provided for financial improvement in 1970 financial institutions in aggregate 47.86 billion USD. And for 2010 has allocated 3.03 billion USD. 15 banks. In January-February 2011 the regulator has not given any such loan.
Almost the only consumers of stabilization loan in the current year may become a public financial institution. Skeptics admit that the new team NBU can not stand the temptation to finance them through large state-owned companies, such as "Naftogaz", or global public projects. Like transformation Rodovid Bank "bad bank" - financial institution, which will translate into bad loans from all state-owned banks. Remains the only hope that later on these loans will be repaid by the National Bank, and not written off.