No chance to make money out of the weak banks

In the light of recent cases of license revocations in Russian bank system, the legislators suggest limiting of deposit insurance payments in the weak banks. The heart of the problem is that some dishonest depositors, being aware of bad condition of a credit organization, open there deposit accounts that meet the sum of deposit insurance payments – to 700 thousand rubles. As a rule, in order to get more clients, these banks fix the higher rate of interest on deposits. At the time of occurrence of the insured event, the depositor gets not only all the sum of deposit, but also the interest earned on it. As to prevent corresponding scheme, there was an idea to refund only the assets that were carried on deposit initially, not considering the interest on it, stated Natalya Burykina, the head of the committee on financial market of the State Duma.

However, corresponding initiative seems to be a point of much controversy, as it will also affect honest depositors that don’t set themselves a goal to make money out of unreliable banks. For the majority of depositors, especially senior citizens, leave their deposits in the bank for years. There is no point to make savings, as no one is proof against insured event and correspondingly against non-payment of interest on deposits.

Besides, the Central Bank of Russia was just recently entitled the right to limit the deposit rates at its discretion, and consequently the regulator may stop agiotage on the high interests in the weak banks.

Thus, suggested legislative initiative seems to be a feedback on the situation with «Master-bank», when due to license revocation deposit insurance system is to pay depositors record for Russian bank system 30 billion rubles.

Information agency Credinform is preparing to issue an independent methodology for identification of the credit organizations financial stability that will help users to estimate the risks of partnership with a certain bank.