Fitch: в июле УБРиР, Абсолют Банк и МИнБанк так и не достигли планки по надбавкам к капиталу

Средние показатели капитализации крупнейших банков РФ были в целом стабильны в июле, при этом несколько банков по-прежнему не выполняли требования по капиталу с учетом действующих надбавок, свидетельствуют данные обзора российских банков за семь месяцев 2017 года от Fitch Ratings. Рейтинговое агентство анализирует основные банки в государственной, частной и иностранной собственности, а также крупнейшие розничные банки.

Стабильность средних показателей капитала у банков выборки аналитики объясняют тем, что дивидендные выплаты (банки выборки в июле выплатили 40 млрд рублей дивидендов) были компенсированы хорошим генерированием капитала за счет прибыли, в то время как рост кредитования был умеренным.

Все десять системообразующих банков выполняли требования к капиталу, включая надбавки (показатель базового капитала 6,1%, основного капитала 7,6% и общего капитала 9,6%), хотя у Промсвязьбанка был лишь небольшой запас прочности с показателем основного капитала 8%, как и месяцем ранее. Fitch делает оговорку, что показатель Промсвязьбанка должен улучшиться на 200—300 базисных пунктов (2—3 процентных пункта. — Прим. Банки.ру) в августе, поскольку банк в конце июля разместил бессрочные облигации на 500 млн долларов.

Требования к капиталу с учетом действующих надбавок, установленные для банков, не являющихся системообразующими, составляют 5,75% по базовому капиталу, 7,25% по основному капиталу и 9,25% по общему капиталу, напоминают аналитики. Три таких банка из выборки Fitch (без учета находящихся в процессе финансового оздоровления или не раскрывающих показатели капитализации) имели показатели капитала выше минимальных требований, но не выполняли регулятивных требований по надбавкам. Это Уральский Банк Реконструкции и Развития, Абсолют Банк (который планирует привлечь новый капитал в размере 5 млрд рублей в III квартале 2017 года) и Московский Индустриальный Банк. Уточним, что эти же банки были упомянуты в отчете агентства по итогам июня. Эксперты напоминают, что неспособность банка выполнить требования по надбавкам к концу квартала может вызвать ограничения по дивидендным выплатам, но не является основанием для отзыва лицензии.

Кроме того, Уралтрансбанк, как и в предыдущие месяцы, нарушал не только требования по надбавкам, но и минимальные требования к основному капиталу (4,9% в конце июля, согласно отчетности, против 4,7% месяцем ранее при минимальном требовании 6%). Это «может привести к вмешательству регулятора в работу банка, если банк не сможет исправить ситуацию, как предусмотрено планом, согласованным с ЦБ РФ», подчеркивают в Fitch. Ранее уточнялось, что Уралтрансбанк должен исправить ситуацию к концу августа.

По оценкам агентства, на конец семимесячного периода запас капитала (без учета потенциальной прибыли) у 22 банков из выборки (без тех банков, которые находятся в процессе финансового оздоровления или не раскрывают показатели капитализации) являлся достаточным, чтобы покрыть потенциальные потери на уровне менее 5% кредитов (исходя из минимальных требований к капиталу), а три могли абсорбировать менее 1%: это Банк Сберегательно-кредитного сервиса, Уралтрансбанк и УБРиР. Напомним, что в отчете за июнь были названы первые два банка.

Помимо ситуации с капитализацией банков агентство Fitch в своем отчете анализирует июльскую динамику в корпоративном и розничном кредитовании, клиентском и государственном фондировании, в том числе от ЦБ, уровень ликвидности банковского сектора и финрезультаты крупнейших банков РФ.

www.banki.ru/news/lenta/?id=9953704

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Fitch Publishes 7M17 Russian Banks Datawatch

22 Aug 2017 11:12 AM EST

Fitch Ratings-Moscow-22 August 2017: Fitch Ratings has published the latest edition of the «Russian Banks Datawatch», a monthly publication of spreadsheets with key data from Russian banks' statutory accounts.

The publication includes:
— Balance sheet numbers as of 1 August 2017, as well as changes during July 2017 and since 1 January 2017
— Charts illustrating balance-sheet changes in 7M17 for the main state-related, privately owned, foreign-owned and retail banks

Fitch notes the following key developments in the banking sector in July 2017:

Corporate loans nominally increased RUB135 billion (0.4%), but after adjusting for a minor 1% rouble depreciation against the dollar, grew by a lower RUB48 billion (0.1%). The largest decrease of RUB517 billion (34%) was in Bank FC Otkritie (Otkritie) and was related mainly to RUB372 billion (of which RUB328 billion in foreign currency) unwinding of reverse repo transactions. At the same time Credit Bank of Moscow (CBOM) reported a significant RUB255 billion (23%) increase of corporate loans, of which RUB208 billion was reverse repos, suggesting that some of these could have migrated from Otkritie. Sound FX-adjusted corporate loan growth was demonstrated by Sberbank (RUB257 billion, 2.3%) and Alfa-Bank (RUB65 billion, 4.8%), both of which won Rosneft's public tender in July to provide it with loans of RUB125 billion and RUB71 billion respectively.

Retail loans net of exchange movements grew RUB150 billion (1.3%). The growth was mainly in state-banks, namely in Sberbank (RUB53 billion, 1.2%) and VTB group (RUB44 billion, 2%). Among specialised retail banks Tinkoff Bank and Renaissance Credit (Rencredit) grew by about 3%, Home Credit & Finance Bank (Home Credit) by 1%, while Russian Standard and JSC OTP Bank (OTP) were stable.

Adjusting for exchange rate moves, customer accounts increased RUB295 billion (0.6%), of which slightly over half was retail deposits and the remainder corporate funding. Nevertheless, liquidity came under pressure at Otkritie, which had a large RUB363 billion (24%) funding outflow, comprising RUB326 billion (36%) corporate accounts and RUB37 billion (6%) retail deposits, and had to resort to expensive Central Bank of Russia (CBR) borrowings to cover these (see Flight to Quality Pressures Some Russian Banks' Liquidity on www.fitchratings.com). Also large outflows of corporate accounts were reported by Russian Agricultural Bank (Rusag, RUB96 billion, 8%, partially offsetting RUB140 billion inflow in June) and AO UniCredit Bank (RUB107 billion, 16%, but repayments were as expected). Conversely significant increases of corporate accounts were seen in Sberbank (RUB350 billion, 5.9%), Gazprombank (GPB, RUB95 billion, 3.5%), Bank National Clearing Centre (RUB109 billion, 38%) and CBOM (RUB92 billion, 15%, which could be associated with a spike in reverse repos). July's retail deposits inflow was more or less even across the sector.

State funding increased RUB413 billion after adjusting for currency moves, of which the bulk (RUB333 billion) was raised by Otkritie from the CBR to cover the funding outflow. Also VTB group was a major borrower from Minfin and other state entities, taking RUB100 billion and RUB60 billion correspondingly.

Sector liquidity was very unevenly distributed. Sberbank and most large private and foreign banks have liquidity surpluses, as they have repaid the majority or all of CBR funding and as of 1 August kept RUB0.7 trillion on interest-bearing deposits with the CBR, which is considering issuing bonds to absorb excess liquidity from them. However, some large banks are still reliant on state funding, including state-owned VTB, GPB and Rusag, accounting for 67% of the RUB3 trillion outstanding, although the bulk is deposits from Minfin and regional budgets, which are less pricey than CBR loans. Among private banks, few used expensive rouble CBR funding, namely Otkritie (RUB338 billion) and B&N (RUB51 billion), attracting it in June-July to cover recent funding outflows. At 1 August, both banks had liquidity buffers covering about 20% of customer accounts, which for Otkritie is only moderate, given the magnitude of previous outflows.

According to CBR sector data, some banks attracted further about RUB280 billion from the regulator in the first three weeks of August, suggesting continued pressure on liquidity. Also yesterday media reported that CBR provided an uncollateralised line to Otkritie, which could be positive, although this has not been officially confirmed by CBR or the bank.

The sector reported a moderate RUB142 billion net profit in July (annualised ROAE of 20%). VTB group significantly outperformed the sector, earning RUB60 billion, of which the parent bank accounted for RUB49 billion (ROAE of 44%), although the nature of this income is unclear. This was followed by Sberbank with RUB56 billion (22%). Rescued earlier this year Peresvet Bank reported the biggest loss of RUB8 billion (38% of end-June equity), mainly due to RUB7 billion income tax, which may be related to income from previous debt restructuring. Among specialised retail banks, Tinkoff, Rencredit, OTP and Home Credit had healthy profits equal to 2%-4% of equity, while Russian Standard was breakeven.

The sampled banks' average capital ratios were roughly stable as dividend payments (sampled banks paid RUB40 billion of dividends in July) were compensated by healthy internal capital generation, while lending growth was modest. All 10 systemically important banks complied with capital requirements including buffers (core Tier 1 6.1%, Tier 1 7.6% and total ratio 9.6%); however, Promsvyazbank had only a small cushion with a Tier 1 ratio of 8%, while the ratio should improve by 200bps-300bps in August, after the placement of a USD500 million perpetual bond in late July.

Non-systemically important banks' requirements including buffers for core Tier 1, Tier 1 and total ratios were slightly lower at 5.75%, 7.25% and 9.25%, respectively. Three of the sampled banks (excluding failed and rescued banks and those not reporting capital ratios) had capital ratios above the minimum capital requirements, but did not meet the regulatory buffers. These were UBRIR, Absolut Bank (which expects to attract RUB5 billion of new equity in 3Q17) and Moscow Industrial Bank. An inability to meet buffer requirements by the end of the quarter could lead to limitations on dividend payments, but would not represent grounds for a license withdrawal. In addition, Uraltransbank was in breach not only of the buffer but also the minimum Tier 1 capital requirement itself (reported ratio 4.9% at end-July vs. required minimum of 6%), which may result in regulatory intervention unless the bank is able to rectify this, according to a plan agreed with the CBR.

We estimate that at end-7M17 capital buffers (excluding potential profits) of 22 of the sampled banks (excluding failed and rescued banks, and those not reporting capital ratios) were sufficient to absorb potential losses equal to less than 5% of loans (based on minimal capital requirements) and three could absorb less than 1%. The latter were Bank SKS, Uraltransbank and UBRIR.

www.fitchratings.com/site/pr/1028145
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  • 23 августа 2017, 08:39
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