More frequent cases of revocation of licenses from banks force depositors to approach the issue of choosing a financial institution with particular caution. In order to decide on a bank that will guarantee the safety of depositors' funds, it is worth paying attention to a number of criteria.
It is necessary
Access to the Internet
Instructions
Step 1
The first thing to pay attention to is that the bank must be participants in the deposit insurance system. With a deposit amount of up to 700 thousand rubles. this serves as a guarantee that the invested money will be returned to you in full, even if the bank's license is revoked. To check, you need to go to the DIA website and enter the name of the selected bank in the search.
Step 2
The bank must be licensed to carry out banking operations. You can check its availability and validity on the website of the Central Bank of the Russian Federation.
Step 3
Banks that deserve more trust of depositors have an impressive work experience. It is worth paying attention to those that were founded before 1998. This demonstrates their ability to demonstrate resilience in crisis situations.
Step 4
Another criterion to pay attention to when choosing a bank is its ownership structure. Banks with state participation are more stable, as well as those in which shares belong to large financial and industrial holdings. The presence of such a "financial cushion" can help to normalize the state of the bank in times of crisis. And the high share of individuals in the ownership structure, on the contrary, serves as an alarming signal.
Step 5
Of course, one cannot ignore the bank's financial statements and their dynamics. It can also be found on the website of the Central Bank of the Russian Federation or the bank itself. Key indicators to focus on include banking assets, authorized capital, liquidity, and profitability. Alertness should cause a reduction in assets, which may indicate preparation for bankruptcy. The bank's problems may be evidenced by the excess of the bank's liabilities over assets. Another important indicator is the share of bad assets (those for which borrowers stopped paying), it should not exceed 10%.
Step 6
The presence of losses and negative profitability does not add confidence to the depositor in the safety of funds. Working in the negative zone may ultimately lead to license revocation.
Step 7
The higher the size of the authorized capital, the safer it is to invest money there. It is worth referring to the independent ratings of banks and see the place of the bank by this criterion.
Step 8
The liquidity of a bank does not indicate its ability to fulfill its obligations. There are three types of liquidity: instant (N2), current (N3) and long-term (N4). Their limit values are established by law. For H2 it is more than 15%, H3 is more than 50%, and H4 is less than 120%.
Step 9
It is also worth looking at the latest publications on the bank in the media. Pay attention to the presence of negative news regarding the bank's management, cases of delays in payment of deposits. If the bank recently stopped accepting deposits from the population, citing technical problems, this is a very dangerous signal.
