Financial market expert Andrei Barkhota says that the banking sector may indeed lose a large number of credit institutions this year, and this is confirmed by many main factors. Considering not only the cancellation of the license, but also transactions involving the merger of two banks and the takeover of small credit institutions by larger banks, registered He is in conversation with 360 TV channel.
Agency “Expert RA” before reportedHe said that the profits of the banking sector will decrease by 13 percent this year in 2024, and approximately 15 banks may withdraw from the market. As Barhota explains, among other things, banks that did not have time to adapt to sanctions pressure will leave – almost two years were allocated for this during the period when flexible approaches prevailed in the economy.
“If they do not adapt in the current period, then of course the bank will not survive. “It will even be sold to another shareholder,” he added.
In addition, banks often do not give loans and use other models. These include transferring liquidity in the interests of clients as they may launder the proceeds of crime. In this case, the Central Bank cancels the licenses. The expert said that this is the first factor that will contribute to the contraction of the banking sector.
“The second factor is that we are currently in a period of high interest rates,” he said. — The base interest rate is 16%, the yield on federal loan bonds is about the same or even slightly lower. “But still in this case the demand for credit falls sharply.”
In such a situation, many banks will have a difficult time; they will either merge with others or surrender their licenses.
Barhota assured that investors’ interests will not be harmed in this development of events. He also called on Russians to diversify their deposits. For example, if the amount exceeds 2 million rubles, it is better to divide it into at least three banks.
Let us also remind you of this from the materials of the rating agency “Expert RA”. shouldIt is predicted that the profits of the 10 largest regulators in 2024 will be approximately 2.1 trillion rubles.
previously economist gave advice to Russians in bank deposits.
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Source: Gazeta
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