Andrei Goncharov
Chief Executive Officer, OJSC Pervobank
For the funding beneficiary banks risks are seen minor. Risk remedy is envisaged by the credit agreement. But it is more complicated to assess the Central Bank risk.
In my opinion, the risks of the Central Bank consist of three components: risk of bank funding recipient, the risk of the bank issuer of the securities, the risk of the loan portfolio to SMSB, which acts as security of the emission. Such distribution of risk itself is reasonable, because, for example, financing of a loan portfolio only to the SMSB would be much more difficult and risky. Therefore, pledge of securities is a handy tool that reduces the risk.
|
Vladimir Shatalov
Vice-President, Managing Director on small and medium buziness products and technologies development, Promsvyazbank
For the investor, the securities backed by real assets are the least risky for many reasons. Firstly, the SMSB loan portfolio has a high level of diversification. Secondly, the procedure of emission of such securities includes in-depth analysis of the pool of securitized loans by the auditors, rating agencies, based on their findings a portfolio is formed with a certain level of rating, which indicates its quality and compliance with the set parameters on the profitability and the level of default.
|
Sergey Shamin
Deputy CEO, Bank of Settlements and Savings
The main risk is the inability to repay the loan due to overvaluation of the pledge. In the context of the widespread tightening of collateral requirements, I think the risks are not so high, since we are talking about a large number of small-sized loan amounts.
|
