It will be easier to return insured deposits

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.