Who does Sberbank and the Central Bank work for?

2024 Author: Seth Attwood | [email protected]. Last modified: 2024-01-07 16:23

Sberbank made me happy with this text:

“Nikolay Viktorovich, on the eve of the New Year - a green light for all your wishes! We offer you to issue a pre-approved loan according to your passport … under 21.5% per annum for 60 months. Payment - only… rub. per month We are waiting for you in any department."

21.5% per annum. This is being presented as a very good condition.

And here is the offer of Sberbank, or rather, its Czech daughter, on a consumer loan for Czech citizens:

Sberbank offers a loan to Czechs under 6, 99%.

Let's compare these two numbers: 21.5% and 6.99%.

1. What do you think, all other things being equal, who can live better out of two people, whose costs of paying for the greed of banks will be less? The answer is obvious.
2. Which of the two companies will be able to win in a “fair” competition, where everything is decided by the “invisible hand of the market”? The answer is obvious. And how can this be called competition?
3. What is obvious to you and me, is it not obvious to the liberals from the government and those who advocated joining the WTO, where competition will quickly destroy, under such "equal" conditions, most of our producers?

And now let's move on to the next question - it is the main one for us. And why are such different percentages set by different "parts" of one Sberbank? Before answering this question, let us decide for ourselves one more fundamental matter: it is useless to talk about the patriotism of bankers. These people think in terms of “profit” and not in terms of “good for the country”. And they will always choose profit, not their homeland. With very rare exceptions - in every environment there are worthy people.

So Sberbank does not issue loans in Russia (where it has a homeland) three times (!) More expensive than in the Czech Republic, where it has no homeland, but only wants to make a profit, because it wants to ditch the Russian industry and enslave the citizens of Russia. It is part of a system that was formed to deprive Russia of independence and opportunities for economic growth. No more, no less.

And now about “why such%”.

Ask any banker and he will answer you that in Europe the low interest rate is due to the low cost of money for the bank itself. And in Russia money is expensive, and therefore the percentage is high.

Wonderful. But why is money expensive in Russia and cheap in Europe? A stupid banker will start talking to you about "freedom" and "market economy", which supposedly are more numerous in Europe. Smart will answer differently: in Europe, the discount rate of the European Central Bank is low (0.05%), in Russia, the Central Bank keeps the value of money at the level of 9.5%. From here, they say, and the difference in interest rates. Roughly speaking, in Russia the bank will take money from the one (Central Bank) who creates it out of thin air (issues) at 9.5%, and in Europe at 0.5%.

Let's ask the following question: why, with a difference of 9.45% in the "starting cost" of money, their final cost for the borrower turns out to be 14.5% more in Russia than in the Czech Republic?

Why is Sberbank ready to work in the Czech Republic for less of its additional interest than in Russia?

There is only one answer - to further increase the cost of credit resources in Russia. In Europe, Sberbank is forced to focus on the general policy of ALL Western banks. He cannot give loans much more expensive than others.

And in Russia, Sberbank itself is the flagship of the market and a benchmark for other banks. They look at him, other banks are guided by his loan figures.

And this "flagship" is pulling three skins from compatriots, and only one from Europeans. Literally. What for? To get even more profit - this is the version for middle managers. Those who created such a system, strangling everything that is “not in the West,” created it precisely as a noose for the economy.

Moving on. The difference in mortgage lending is even clearer: 2.26% in the Czech Republic, and in Russia …

And how much our mortgage now costs, it is difficult to say.

Yesterday I read the news feed:

“Banks began to massively raise mortgage rates

Banks began to raise rates on mortgage loans in September-October. Thus, in mid-October, one of the market leaders, VTB24, increased the cost of housing loans by an average of 0.5 percentage points. The maximum rate in rubles on a loan for the purchase of real estate in the secondary and primary markets in the bank increased to 14, 45% per annum. Since November, the increase in rates on mortgage loans has become massive, mortgages have risen in price by an average of 0.5-1 percentage points. In November-December, mortgage rates were raised by Gazprombank (by 0.5-1 percentage points), Alfa-Bank (by 0.7 percentage points), Otkritie Bank (1-1, 25 percentage points), Promsvyazbank (0.25–0.9 pp), SMP Bank (2-3.5 pp), DeltaCredit Bank (0.25–1 pp). Also, mortgages have risen in price in Raiffeisenbank, Khanty-Mansiysk Bank, RSHB, MTS Bank.

« One of the reasons that influenced the rates on housing loans is the growth of the key rate of the Central Bank to 9, 5% … .

What is a 1-2% increase in the cost of a mortgage? The apartment is not a telephone - it is a colossal FAVORIZATION of housing. And about 70% of transactions for its purchase are carried out with the involvement of a mortgage. Mortgage rises in price - housing becomes more expensive - fewer people can buy - the activity of the construction industry, which is one of the locomotives of the economy as a whole, is falling.

Isn't it obvious and understandable?

Before you, dear reader, indignant (and rightly so!) The shameless policy of Sberbank, which is a key bank in Russia, or at least one of the key ones, you need to know that Sberbank … is not a state bank. Who does it belong to? A controlling stake of 50% of Sberbank shares + 1 voting share is in the hands of … the Central Bank of the Russian Federation (CBR).

And who in Russia determines the value of money in the form of the Central Bank's discount rate? The Central Bank is the owner of Sberbank. An independent structure not subordinate to the country's leadership.

Before us is an interesting picture:

1. The owner of Sberbank creates money (rubles) and without fail makes them EXPENSIVE, much more expensive than in Europe and the USA.
2. Then Sberbank sells this initially expensive money (loans) VERY EXPENSIVELY.
3. The result is the debt bondage of the people and a comatose economy. Would you say that all this is accidental?
4. So maybe we need to give our economy and our citizens equal conditions with the citizens of the West? Why are we worse? Maybe the Central Bank, and ITS Savings Bank, should stop choking the Russian economy with the interest stranglehold?
5. No. In the coming days, there is a high probability that the Central Bank will raise the discount rate even more, and after it Sberbank will increase its commission interest.
6. One of two things: either the leadership of the Central Bank and Sberbank are complete fools (which is unlikely), or they are the backbone of a system built to exterminate the Russian economy.

"Give loans to medium and small businesses at 6, 99%, and people for construction and mortgages at 2, 26%, and by 2017 we simply will not recognize our country!" - wrote the authors of the article about the interest of Sberbank in the Czech Republic.

It is difficult to disagree with this.

What to do?

There is only one way out - the subordination of the Central Bank to the state by changing the law on the Central Bank, and then the Constitution. After that, the Central Bank - the state, working in the interests of the state - the people, immediately orients Sberbank and sets new tasks for it. Nobody wants your profit. It is necessary to create conditions for the prosperity of the Russian economy.

Here is your task …

But in today's conditions, Sberbank and the Central Bank are solving completely different tasks that have nothing to do with the interests of our state.

Nikolay Starikov