Russian banks in the event of the continuation of growth of overdue debts on loans can not deal with the insolvency of the borrowers, says the chairman of the board of directors of MDM-Bank, the former head of the Federal Financial Markets Service Oleg Vyugin.

"The process (of restructuring of debts by banks and rising bad debts) will last the entire 2009. He is a natural, but carries a risk for the economy. If it is too much of insolvent debtors or do not want to pay, the capital of banks are simply not enough to close the losses ", - Vyugin told journalists during a video on Monday.

He noted that the State Bank in this sense, the situation is calm and, if necessary, VTB and Sberbank will be able to replenish funds for future loss of funds under the federal budget. For the rest of the banks it will be a problem.

"Russian banks are now involved in restructuring of debt and this translates into the fact that banks have sharply rising arrears. As soon as start negotiations on these relationships, the inability to pay, so the bank must immediately register your outstanding balance and to create reserves for this," - said Vyugin.

He said that banks now have a strike on the restructuring of Russian firms and adapting to new conditions.

"Potentially, the loss will be. The talks will end sooner or later, and they will end the court, and the bank will write off some of the credit. You can write off only from the capital, own funds. Only through this money, you can write off bad debts, - financier said, noting that until all of such charges does not occur.

It is in this regard, he said, banks are beginning to adopt policies to protect the capital, the risks and overestimate their ability to lend is falling.

"Banks are beginning to reduce lending portfolio and we are seeing now, this year. Even taking into account the fact that State Bank was given an informal indication to credit and increase credit portfolios. All the same overall reduction in credit available. This is very bad, because the modern economy - it credit economy ", - considers Vyugin.

The main problem in this situation, he believes the work of law enforcement system in Russia, which is "passive enough to require performance." Vyugin stressed that the number of non-payers of loans are many companies with state participation, which is unacceptable.

"Everywhere in the world is the principle that the obligation should be done - this is the basic situation of market economy, otherwise it becomes public. In Russia there is a problem in the legislation. Everything leads to the fact that the system is very inefficient and it is a very great danger," - said expert.

That is why, in his opinion the authorities often have to deal with "manual".

"Manual does not solve the problem of the economy. This is the action to mitigate social impacts, and also seek to define PR. Show that the government is involved in the problems and does not sleep, and protects citizens", - considers Vyugin.