19.05.09

The Federal Tax Service (FTS) has decided to support banks in its own way. In March, the deputy director of the FTS, Nikolai Melnikov, sent a letter (recently published) to territorial administrations ordering companies to stop distributing information about their black list of banks. It is impossible to give "a direct or indirect estimation of a bank's ability to meet its liabilities," explains the FTS.

In 2001, the Constitutional Court ruled that inspectors are allowed to issue advisory warnings to companies about which banks taxes should be paid through. However, according to the FTS, banks are now having liquidity problems, which may trigger an outflow of clients. Banks’ debt to the Central Bank (CB) exceeds 3 trillion rubles. The average proportion of the CB bank liabilities grew to almost 20% from the pre-crisis level of less than 1%.

As of last October, 42 banks are included in this advisory list.

Translated by Alinga Consulting Group.

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Source: "Vedomosti"