The massive withdrawal of banking licenses by the Central Bank and the growing fears of depositors require an accurate determination of the level of reliability of banks and the availability of potential problems for them. These recommendations do not require special financial knowledge and help to quickly determine the stability of credit institutions.
The purpose of any depositor is to save and receive interest payments on deposit. The present system of deposit insurance guarantees the return of deposits to private individuals in the amount of up to 700 thousand rubles. Therefore, the simplest way to protect against bankruptcy of a financial institution is to divide the amount into several deposit accounts opened with different banks.
When choosing a bank to place a large deposit, customers are often based only on trust in the bank or people who work there. For example, with the recent revisions of licenses, many VIP customers with large amounts suffered, who believed in the reliability of the bank. It happens that the depositor does not have the opportunity to split the amount into several deposits. Then it is necessary to determine the degree of reliability of the bank, where the deposit account will be opened. In the Russian market there are many reliable banks offering very favorable conditions for various groups of investors. The main parameter for the benchmark is the interest rate on the deposit. However, if the sum insured is exceeded, this criterion must be supplemented.
An ordinary investor who does not have the knowledge of financial analysis can fairly accurately determine the degree of risk of a particular bank. To do this, you need to use information about this credit institution and identify signs that indicate a worsening of the situation in the bank. First you need to view all the news about the bank for several years, highlighting the following points: the mention of the bank in money laundering operations, reports on seizure of documents and unscheduled inspections of the Central Bank, facts of violation of banking standards, reports of losses, a decrease in business volumes and credit ratings.
All these factors are serious signs of negative changes in the financial organization. Then you need to study the analytical information about the bank, which describes in detail the structure of the organization, the scope of real business, identified the ultimate owners, assessed the risks and financial condition. Important points are the information that the owners are considered public persons, known to the market, the bank's weak points( low liquidity, undeveloped network, dependence on inter-bank loans), the availability of substandard assets, and the share of funds transferred to trust( above 25% should be alarming).
Financial results( profit and loss) also clearly indicate the position of the bank. The presence of large losses is a negative factor that speaks about the problems of the bank. If losses are fixed for a long time, then it is not worth working with such a bank.
