Anatoly Aksakov: I am optimistic about the future. I think, already after three months, we bid farewell to the liquidity crisis
President, Association of Regional Banks of Russia Anatoly Aksakov in an interview with the journal «Finans.» Gave an assessment of the liquidity crisis. He noted that the market situation is quite manageable. Central to the extent possible, covered vulnerabilities of Russian banking sector. Mindful of the "crisis of confidence" the summer of 2004, the governor leveled the situation through repo transactions, kredituya banks bail papers from Lombard list. Was lowered and the size of contributions to the fund of compulsory redundancy. The peak demand for liquidity passed, and at least until the end of January the situation in the money market will be relatively quiet due to the influx of budget and action controller. In October, the Central Bank has provided in the refinance loans to a record amount - 1.67 trillion rubles. This allowed the banks to once again increase its lending to corporate, and retail customers. The volume of loans to legal persons for October 1, amounted to more than $ 320 billion (an increase from the beginning of the year - more than 36%). According to preliminary projections, the growth of banking system in 2007 will be higher than a year ago. I am optimistic about the future. I think, already after three months, we bid farewell to the liquidity crisis.
