Fitch опубликовала обзор российских банков за семь месяцев 2020 года

Средние показатели достаточности капитала в банковском секторе РФ были стабильными в июле, при этом две системно значимые кредитные организации имеют небольшой запас по некоторым из показателей достаточности на консолидированной основе, свидетельствуют данные обзора российских банков за семь месяцев 2020 года от Fitch Ratings. Рейтинговое агентство анализирует ключевые банки в государственной, частной и иностранной собственности, а также крупнейшие розничные банки.

Агентство объясняет стабильность средних показателей капитала в секторе в июле (без учета банка «плохих» долгов — «Траста», основной капитал которого был отрицательным на уровне 1,4 трлн рублей) тем, что рост кредитования компенсировался прибылью. У некоторых банков показатели достаточности капитала поддерживались регулятивными послаблениями, которые позволяли им использовать обменный курс на 1 марта для расчета валютных активов, взвешенных по риску. По подсчетам аналитиков, на конец июля 2020 года средний показатель базового капитала составлял 11,4%, основного капитала — 12,2%, общего капитала — 14,4%.

В Fitch напоминают, что банковским группам необходимо обеспечивать соблюдение нормативов по капиталу с учетом надбавок на консолидированной основе на конец каждого квартала. По данным экспертов, на конец первого полугодия 2020 года десять системно значимых банков (без учета Промсвязьбанка, который еще не раскрывал консолидированные показатели) соблюдали минимальные требования с учетом надбавок. Эти требования составляли 8% для базового капитала, 9,5% для основного капитала и 11,5% для общего капитала.

«Два системно значимых банка имеют небольшой запас по некоторым из показателей достаточности капитала на консолидированной основе, — отмечается в обзоре Fitch. — Так, у ВТБ консолидированный показатель общего капитала был на уровне 11,8%, а у Россельхозбанка показатели базового и основного капитала составляли невысокие 8,3% и 9,8% соответственно».

В материале подчеркивается, что несоблюдение требований по надбавкам может обусловить ограничения по выплате дивидендов, но не приведет к регулятивному вмешательству в случае соблюдения банком нормативов на неконсолидированной основе (4,5% по базовому капиталу, 6% по основному капиталу и 8% по общему капиталу).


Fitch Ratings Publishes 7M20 Russian Banks Datawatch
Wed 16 Sep, 2020 — 07:34 ET

Fitch Ratings-Moscow/London-16 September 2020: Fitch Ratings has published the 7M20 edition of its «Russian Banks Datawatch», a monthly publication of spreadsheets with key data from Russian banks' statutory accounts.

Sector corporate loans nominally increased by RUB1.2 trillion in July 2020, but adjusting for 5% rouble depreciation against the US dollar, the increase was a lower RUB674 billion (1.6%). Growth accelerated in July compared with 2Q (when the average monthly increase was 0.6%) and was driven by a recovery in economic activity, as reflected by an increase in cash flows in most economic sectors in 3Q20 relative to 2Q20. About 89% of the overall corporate lending increase was at state banks, with RUB407 billion reported by VTB group (5.4%), RUB121 billion at Sberbank (0.9%) and RUB52 billion at Gazprombank (1.2%). Corporate lending in 7M20 grew by RUB1.8 trillion (4.3%) after exchange rate adjustments.

Retail lending accelerated to 1.6% in July after a low 0.4% increase in 2Q20 as a whole and 1.0% in June. Growth was underpinned by the recovery in demand, banks' higher appetite to lend due to decreasing uncertainty and the state-subsidised mortgage lending programme launched in April (in place until end-10M20). The government increased maximum loan limits under the programme in June and July and extended the programme's limit up to RUB900 billion from RUB740 billion, while banks had utilised about RUB270 billion at end-July. The Central Bank of Russia (CBR) moderately decreased risk weights of certain categories of unsecured loans issued after 1 September, which should also underpin growth later in 2020. In January-July, retail loans grew 5.6%.

The sector overdue loans balance increased by RUB325 billion (0.3% of total loans) in July, up to RUB4.5 trillion (7% of total loans). The increase in overdue exposures was largely attributable to Sberbank, which reported RUB265 billion (1.1%) of new overdue exposures, mainly due to one large loan that became past due in July.

Customer funding (excluding state entities' deposits, and net of currency fluctuations) increased by RUB170 billion (0.3%) in July, which was a combination of a RUB46 billion (0.2%) inflow of corporate funding and a RUB124 billion (0.4%) increase in retail balances. Non-state customer funding grew by RUB1.4 trillion (2.4%) in 7M20.

Funding from state entities increased by RUB224 billion (2%) in July, largely driven by RUB139 billion of new borrowings from the Ministry of Finance and RUB78 billion from the CBR. Total state funding at end-7M20, excluding RUB0.5 trillion of subordinated debt provided to Sberbank by the CBR and RUB1.7 trillion of deposits at the CBR's bad bank, was RUB7.7 trillion, or 9% of sector liabilities.

Liquidity was stable in July, with highly liquid assets (defined as cash and equivalents, short-term placements with banks and unpledged government bonds) representing about 20% of sector assets at end-7M20 and covering customer accounts by 28%. Unpledged non-state bonds, which are viewed by Fitch as mostly liquid, made up a further 5% of total assets. The daily average rouble liquidity surplus, which is assessed by Fitch as liquidity that banks keep on interest-bearing deposits with the CBR and banks' investments in short-term CBR bonds, increased by RUB0.1 trillion in July and further by RUB0.2 trillion in August to RUB2.5 trillion (estimated at about 2.6% of sector assets).

Rouble interest rates continued decreasing in July after the CBR's key rate cut by 100bp in June and by 25bp in late July. MosPrime rates for one to six months decreased by 30bp and were stable in August.

Excluding the CBR-managed bad bank's result, the sector reported a moderate RUB125 billion net profit in July, with an annualised return on equity (ROAE) of 13%. Excluding Alfa-bank, which reported a large RUB45 billion profit, underpinned by foreign currency gains, the sector's core profit was RUB80 billion (9% annualised ROAE). Sberbank's RUB66 billion net income (16% annualised ROAE) accounted for 82% of the sector's core profit in July.

Sector average capital ratios (excluding the bad bank, whose Tier 1 capital ratio was negative RUB1.4 trillion at end-7M20) were stable in July as lending growth was offset by profits. Some banks' capital ratios were supported by regulatory forbearance, allowing them to use exchange rates as of 1 March for foreign-currency risk-weighted assets calculations. At end-7M20, the average Core Tier 1 ratio was 11.4%, Tier 1 12.2% and Total capital ratio 14.4%.

Banking groups need to comply with capital buffers on a consolidated basis at the end of each quarter. The ten systemically important banks (SIBs, excluding Promsvyazbank, which has not yet disclosed consolidated ratios) complied with the minimum requirements, including buffers, at end-1H20. These requirements were 8% for core Tier 1, 9.5% for Tier 1 and 11.5% for total capital.

Two SIBs have modest cushions on some of their consolidated capital ratios. In particular, VTB's consolidated total capital ratio was 11.8% and Rusag had tight Core Tier 1 and Tier 1 ratios of 8.3% and 9.8%, respectively. Non-compliance with buffer requirements could result in dividend payment limitations, but will not result in regulatory intervention if a bank complies with minimum requirements on a standalone basis (4.5% for Core Tier 1, 6% for Tier 1 and 8% for total capital ratios).
  • +4
  • 17 сентября 2020, 07:56
  • Tristan

Комментарии (0)

RSS свернуть / развернуть

Только зарегистрированные и авторизованные пользователи могут оставлять комментарии.