12:13:09 - 07.09.2010
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Home Banking The country of the closed banks
The country of the closed banks E-mail
Activity National Bank and domestic bank system as a whole has caused recently a huge wave of censures and remarks from outside all without an exception of the population of the country. There is no social group which would not test discontent, and even frank irritation from «professional» our bankers. Struck on "small" and "rather big" Ukrainians crisis has so bared problems of our banks that it is necessary to regret and cross silently only hands from a hopelessness.

About the obvious. Throughout 17 years ours «fathers of the nation» shouted in all throat about дедолларизации economy, about its competitiveness, development of financial and real sector. Also what? When the foreign speculative capital has in large quantities come into Ukraine, all cheap currency credits competing in speed (our banks with the connivance of National Bank mean) have rushed to offer. Naturally, it "has definitely warmed up" economy, yes here only not from that party. Instead of stimulating internal industrial production, Ukraine has fairly stimulated consumer import.

As a result we have received is banal simple and so awful scheme: we have taken advantage of foreign credits to buy the foreign goods, and now also we get into debt before IMF that these credits to give! Paradox? No! The Ukrainian validity! And all would be anything, if not crisis!

Today there are many points of view about the nature and an essence of this phenomenon. Clearly one: it not simply so-called crisis, is tectonic demolition between economic models, so, and economic epoch. Certainly, from a position of today it is not obviously possible to prove with deep arguments this hypothesis yet, but separate mosaic acknowledgement nevertheless are. To take at least actual crash of the world share market and its tools, муссирование in a world information field of idea of refusal of dollar as uniform world currency, financial problems or even bankruptcy of world financial pillars, revision of economic values etc. But! The main binding element of all of it is trust loss.

And to ours — though henna! Amazingly, but a general impression from our bankers one: «as if business not mine!» To whom what business, what credits do not stand out (by the way, the basic income of banks)? The regulator, that is National Bank, is scattered by press releases about stabilisation гривни, auctions currency spends. However a wreath of all is annoying advertising of banks on the TV where the basic message is more than century stability of parent structures. Misters bankers, you trust in this advertising or have once again decided to laugh cynically over the population? Even if the state bank of France Caisse des Depots et Consignations has declared losses for the first time for 200 years what to speak about you?

We live during an epoch of an information society where the information arriving from certain sources, defines process of any processes. And bank system — not an exception. If its basis — the investor — constantly absorbs the negative information at it the uncooperative altitude to banks as a whole will anyhow be generated. Then there is a question and who in general should produce the adequate information on banks, how not they?

All over the world have understood that former tactics of conducting bank business is more unacceptable. Adequate informing of a society on position and behaviour forecasts in bank sphere becomes a basic principle for a world financial system. There at them it still is called as an openness. Just in case we will remind that it also concerns also the central banks — regulators. In the majority of the countries Central Banks began to possess today the big powers and independence than when that was. But they pay for it in the transparency and an openness before a society. According to Alan Grinspena, «the openness is an obligation of the central bank to a society». Surprisingly, but these almost prophetical words have been stated them in 2002.


At this conjuncture internal political and intraeconomic marasmus against a world economic crisis the conclusion arises: or the domestic bank system becomes the social partner of the society, or the society will plant on вилы bankers, at least those who will not deduce in time the capitals in an offshore, or those who will not have time to leave on doubtfully deserved pension with flight in the banana country on the PERMANENT RESIDENCE.

Crisis is not crash, but possibility! It can if not completely be overcome considerably to weaken. It becomes possible, if overwhelming majority of real and potential investors (by different estimations on hands at the population — from 60 to 100 bln. dollars!) various banks will appear involved in this process. They should feel not only necessity, but also a personal interest for the decision of problems facing to banks. At the same time people should have a guarantee of safety of their contributions.

Crisis is a chance at last to undertake reforms and to start construction of normal bank system. The information policy as road to an openness of banks should be directed, first of all, on increase of level of trust to them. Certainly, many thanks to separate top-managers of banks which try to be founders of news and to produce a positive. But it is necessary to be realists: two-three banks in news releases on нацио­нальных television channels will not block all negative which proceeds from National Bank, the country leaders and the general moods in a society.

Now not that that the simple Ukrainian, but even experts with a work wide experience underline that activity National Bank is characterised by uncertainty. Because of it participants of the market have no authentic representation about market conditions, forthcoming steps of a regulator that is fraught with acceptance of erroneous decisions. As result, the population, without understanding that occurs, rushes from an extreme measure to an extreme measure in operations with currency and takes away contributions from banks, obeying only mass psychosis.

Certainly, to accuse only one management National Bank (or persons to whom information support of Natsbank is assigned) in information impotence would be not absolutely correct. Absence of unity and understanding of overall aims at bankers among themselves and the political country leaders aggravates and without that a difficult situation even more. Thus, we have the country of the closed banks and only simple investors who have gone bankrupt in it.
zerkalonedeli.

Though for the sake of justice also we should recognise that correct and adequate information the same politician НБУ or the twenty of the big banks of the country would prevent serious problems already in the near future.