The second wave of banking crises: to be or not to be

Banks Finansy28-05-2009 The second wave of banking crises: to be or not to be Many economists have started talking seriously about a second wave of banking crises. Recall that, as predicted by the head of the DIA, the percentage of overdue credit institutions will soar to 20% by year end. Currently, however, statistics on the banks proves the opposite: the level of arrears falls, and the inflow of deposits from the public is growing day by day. Where, then, will undertake this second wave? Released today, the positive statistics on the situation in the Russian banking sector sounds discordant with the gloomy predictions about the second wave of banking crises. For example, the CEO of the Deposit Insurance Agency (DIA), Alexander Turbanov no further, as last Friday was frightening prediction that the outstanding debt of Russian banks by the end of the year could grow to 20% increase in "bad assets" the head of the DIA has not scare the first time. Previously, he noted that critical to the banking system may be an increase in delay up to 10-15%. Expectations of Chapter DIA looks plausible, but today's statistics tell a different story. As Director of the department of banking regulation and supervision of the Central Bank of Russia Alexey Simanovsky, level of outstanding debt in the banking system of Russia on May 1, taking into account the Savings Bank was 3.77%. According to him, increase the proportion of overdue loans for the month was 12%. "Dynamics of a little lower than the average for the previous months, although growth rates high," - he says.