The policy of the Central Bank, focused on the clearance of the banking system from shady credit organizations, has led to that recently more than 30 banks have been being revoked the license. Such bold steps of the largest financial regulator started the law-maker thinking about improving of the return mechanism of the deposit insurance component, of the balance exceeding these resources and about simplification of such procedure for natural persons.

According to the Deposit Insurance Agency («ASV») for the 1st quarter 2014, 51,1% of deposits of Russian citizens stayed within the sum of insurance 700 000 RUB guaranteed for repayment, the rest 48,9% exceed it. Today it is difficult enough to return the balance exceeding insurance settlement.

At the suggestion of «ASV» to the Federal law «About insolvency (bankruptcy) of credit organizations», it is planned to submit amendments, which will provide for possible the entering of the balance of money in the list of creditors' claims, upon applications by depositors, which exceeds the amount of payable insurance benefit. This norm, in case it will be sign off on, will enhance reliability and predictability of the banking system in the eyes of citizens.

Moreover, the innovations suppose to introduce an unified appeal of an depositor, containing both the insurance claim (700 000 RUB) and creditor’s claim in the amount, exceeding this refund, what will simplify and speed up the procedure of repayment. Such applications will be completed by depositors in the bank-agent, where they will receive the insurance benefit. Additional documents, except the passport or another identification document, need not to be provided.

In case the amendments will be soon accepted by the Federal assembly, the new mechanism could come into operation already by the end of this year.

The Information agency Credinform offers to get acquainted with its own independent estimation of financial standing of credit institutions, which could suggest the potential client about the degree of risk of the cooperation with one or another bank of the country.

Information agency Credinform prepared a ranking on current ratio of Russian iron and steel companies. The companies with highest volume of revenue were selected for this investigation, according to data from the Statistical Register for the latest available period (for the year 2012). Then, the first 10 enterprises selected by turnover were ranked by decrease in current ratio.

Current ratio measures the ability of a company to discharge its short-term liabilities and shows, what part of current assets will be taken by the settlement of debts. This indicator is calculated as the relation of the sum of current assets of an enterprise to its short-term liabilities and allows investors to estimate an expected business performance, probability of insolvency, bankruptcy. Recommended values: from 2,0 to 3,0.

It is difficult to overemphasize the importance of the metallurgy industry for the national economy. The key advantage of Russian iron and steel industry is the availability of an extensive mineral resources base of iron ore, that allows not only to cover requirements of the domestic market in full, but also to export about 20% of prepared saleable ore. As of today the state balance sheet registers 192 deposits, 190 from which relate to iron-ore deposits. However, at year-end 2012 the cumulative turnover of the 10 largest manufacturers of the branch reduced by 5,14% in comparison with the year 2011 and made 1198 bln RUB. The experts explain such results first of all by obsolescence of production capacities.

The 1st place of the ranking belongs to OSKOLSKY ELEKTROMETALLURGICHESKY KOMBINAT OJSC with the value of current ratio 2,44, what conforms with recommended values and testifies to an ability of the enterprise to discharge short-term liabilities using current assets. This company got the highest solvency index GLOBAS-i®, that also characterizes it as financially stable.

The enterprises GORNO-METALLURGICHESKAYA KOMPANIYA NORILSKY NIKEL OJSC and EVRAZ NIZHNETAGILSKY METALLURGICHESKY KOMBINAT OJSC, taken the 2nd and the 3rd places of the ranking respectively, also showed the value of current ratio within the recommended range (2,27 and 2,22), what points to the fact, that these organizations have enough current assets to discharge their short-term liabilities. The company GORNO-METALLURGICHESKAYA KOMPANIYA NORILSKY NIKEL OJSC is also the largest on turnover in the branch at year-end 2012, in spite of the revenue reduction by 6,55% in comparison with the year 2011. Both enterprises got the highest solvency index GLOBAS -i®.

The value of current ratio of the enterprises RUSAL BRATSKY ALUMINIEVY ZAVOD OJSC and RUSAL KRASNOYARSKY ALUMINIEVY ZAVOD OJSC deviates slightly from recommended values, what testifies to an ability of the enterprises to discharge their short-term liabilities. The companies got a high and the highest solvency indexes GLOBAS-i®.

The enterprises CHELYABINSKY METALLURGICHESKY KOMBINAT OJSC and SEVERSTAL OJSC showed the value of current ratio 1,1 and 0,81, what testifies that the volume of their current assets is practically equal to the volume of short-term liabilities, what can cause problems with timely repayment of short-term debts. However, based on the combination of financial and non-financial indicators, both companies got a high solvency index GLOBAS-i®.

URALSKAYA STAL OJSC closed the ranking with the value of current ratio 0,69, that points to the fact, that the enterprise hasn’t enough current assets to discharge all short-term liabilities. The company got a satisfactory solvency index GLOBAS-i®, which also confirms possible difficulties with timely repayment of debts.