banker can afford to stay out of politics until not provided in the National Bank. Deputy Head of NBU Alexander Savchenko has been a victim of war, Yulia Tymoshenko and Viktor Yushchenko over control of the CBR. The battle won, President, and Savchenko, though, and kept the post, in fact, been deprived of the major powers. However, according to our observations, it is not particularly upset that - Alexander Savchenko obviously did not intend struggles to cling to the seat. Which is not surprising for a person with the account a few tens of millions of dollars and, more importantly, the context in banking circles, acquired over time in the National Bank.

long awaited meeting with correspondents Deputy NBU Alexander Savchenko, from his Cabinet carry laughter. It turned out over the jokes of Savtchenko laugh representatives of foreign Investment. The banker, - deputy head of the NBU continues to joke with a meeting with our correspondent - a person who gives you an umbrella when the sun shines, and takes it as soon as the rain starts.

Jocular mood to go there when we ask the question of domestic policy the National Bank. Speaking about the organization, Alexander Savchenko carefully chosen words. Perhaps, therefore, in spite of the opposition in the image of the National Bank, his answers like a quote Vladimir Stelmakh. On the silence during the last crisis, and on a number of controversial decisions of the NBU, WA wrote more than once. In explanation of the reasons for refuting the National Bank's own decisions, that does not adds any credibility with the public or by the banks, Alexander Savchenko, as always, very careful.

Could you put the point over the i: Now the banks are obliged to refund the deposits, or may do so on its own?

- I think the real, rather than the formal lifting of the moratorium on deposits should occur after a successful recapitalization of banks. Once it starts, people and businesses can get their deposits. While in fact, this moratorium is symbolic because only the National Bank of Ukraine recommended to commercial banks to take preventive measures to prevent mass withdrawals of deposits. Neither the banking system in the world can not withstand such an onslaught. Do not forget that we have to add another financial crisis and the political.

you almost word for word repeated explanations by Mr. Stelmakh …

- As a rule, my view is strategically coincides with the point of Chapter NBU.

Why

National Bank decided not to say that the moratorium is no longer valid?

- now it is very important not to make sudden movements. They are justified when the situation is deteriorating, and we, instead, begins to stabilize. I'm not talking about improving, do not delude yourself, but the withdrawal of currency abroad is declining, and the outflow of deposits in the whole system slows down. The course begins hryvna strengthened (I'm still at the end of last year, when the rate was at a level 9-10 hrn. The dollar, saying that he strengthened up to 7 grn. But nobody believed me). The political situation is gradually stabilizing, too: it's not clear in what month, but the election will be held, and they will be alone. And the smaller the election, the better the economic situation in the country.

Public reaction bankers at the abolition of the moratorium was surprisingly calm. Perhaps their fears were for emergency meetings and meetings of the National Bank?

- No emergency meetings and was not and could not be. Banks' owners and top managers need to understand that they are personally responsible for repayment of all deposits of both citizens and businesses. This responsibility will be borne by all the officials that govern these issues.

When the final lifting of the moratorium is directly dependent on the recapitalization, when it did begin?

- This process is really long, and this is unacceptable. (Last updated Cabinet on the decision of State participation in the recapitalization of banks, as at the time of the delivery room in the press, was adopted on 17 April. The meeting of expert analytical advice on questions of government participation in the capitalization of banks on 30 May did not take place due to illness of his chapter Yulia Tymoshenko. At the meeting scheduled to approve the recapitalization Ukrgasbank, Rodovid the Bank and the Bank Kiev) The budget allocated for the recapitalization of banks of 44 billion UAH., half of whom had already had to work on the economy. The money has to go through several cycles: the depositors would be taken away from problem banks, and put in the safe, which, in turn, would run them into the economy through lending. In the meantime, they are obezdvizheny in the budget.

Business Consultant

Once in the business of the NBU Alexander Savchenko has not lost interest in entrepreneurship. The banker is confident that the excellent know how to conduct business in times of crisis. Will he just producing a crisis of survival strategies for the banking and construction industries. The latter, along with real estate, is our hero's interest in the future.

banking business Alexander Savchenko away, sold in 2007 for $ 75.3 million to the International Commercial Bank Greek Piraeus Bank. Bargain spared him from having to apply for most councils in times of crisis. Now he can afford to give them to others. The main recommendation banker - selling off assets, even cheaper than the cost to go to the bottom with them.

However, the greatest demand is not abstract crisis advice from Alexander Savchenko, and answers to specific questions: how to get funding and which projects in Ukraine, you can invest. If it's the first to come home business, then with the latest - by foreign bankers.

As you near - the civil service or business?

- Of course, business is much more honest than the activities of officials. In business you have to determine what to do. On the civil service is often more important than your circumstances. And if you are weaker in these circumstances, even objective, I think, be right to think about the new job. If you do not know how to work to earn a living, then you will be poor, or a deputy clerk. And be one way or another his entire life - it is not possible.

I would not admit to the major posts of people who are in their lives have not been able to earn money and build something independently. I am impressed by policies that have come out of business. If a person is able to scratch build a great system, he and the Public Service to build such a system much better than those who did not go out beyond his office. Although exceptions exist, there are brilliant people, but this is the exception, not the rule.

What areas in the foreseeable future, plan to do?

- Just not the commercial banks. This has already passed stage. I am interested in land and real estate. In this area, you can create something beautiful, functional and solid. Interesting to develop resorts.

We simply do not have public policies to promote tourism and enormous potential. Another very interesting segment - financial companies. After this correction was due to start a new phase of financial companies. I think that 60-70% of them will withdraw from the market, and here you can create new products have more thoroughly. Ukraine is also not a state development bank that makes the country very vulnerable to shortages of long-term investment of resources.

in these areas and you konsultiruete business?

- Sure. In addition to questions on finsektoru, many, especially foreign investors, interested in issues related to real estate.

What exactly they want to know?

- all interested in the macroeconomic situation. Because the National Bank is responsible for the movement of capital, all the structures involved in global investment, and that large companies have the right to hear the views of the National Bank of Ukraine - on the exchange rate, inflationary policy, regulation of capital movements. This is a normal practice.

How do you get out of the situation, if a request to assist in lending?

- Many people want to get credit, for example, the completion of houses. I would say that now they will not get credit, and this applies both to natural persons or enterprises. Then there is the question: where is the search tool? From the outside money would not come, then, must rely only on themselves. My advice: go to a discount and sell everything that can, and the sooner the better, because later the price will only fall. Thereis, of course, a time when this trend will stop. But according to my projected in Ukraine economic recovery will not happen before the beginning of next year, but prices can be calculated in a year or two.

you sovetuete developers to reduce prices?

- If a builder or developer a reasonable, he must throw off the price and sell it for a living, while retaining a core staff. Smart businessmen lower price, sometimes even more than they should, just to sell. A foolish, where it was necessary to raise the price to $ 1.5 thousand /sq. m, placed $ 2 thousand now, instead of thousands, they put one and a half, and nobody buys. And then the time will come when, and for a thousand, no one will buy. And while bankruptcy is inevitable. We must be prepared to sell at a loss in order to survive. This is necessary even if the State, I hope, will support the construction sector through mortgages and grants for the completion of the necessary objects indeed.

What is the main lesson to be drawn from the crisis, the owners and management of the banking sector?

- I am in touch with bankers and see that many of them have not learned the lessons of the crisis. For the foreseeable future will not sell the bank at a profit. Overseas banks have lost even successful in the price of 50%. Ukraine - about four times cheaper. If someone is willing to buy a bank four times cheaper than the peak of its book value - it is a good proposal, and the owners must fight for it. It is therefore absolutely correct in the past, the concept of owner, focusing not on profit but on the capitalization of banks for the purpose of resale, is now irrelevant. Those who have it focused on this concept should be abandoned. Now you need not even so much to think about profit - it is an abstract category, but rather to ensure a constant cash flow. It is also necessary to close unprofitable branches and sell them.

We have them in two to three times more than necessary. And I do not see that exhibited in the sale of many loss-making branches even finuchrezhdeniyah, which introduced a temporary administration. This is unfortunate: the banks' lack of money, as they sit on the falling price of assets.

Circumcision powers

long time, Alexander Savchenko considered a protégé of NBU Volodymyr Stelmakh. Our hero was a frequent guest of the Heads of National Bank as far back as the commercial bank management, they are clearly linked to friendly relations. But with time Savtchenko into the Neighborhood Council of the NBU Peter Poroshenko, and he, in turn, began to work closely with the team of Prime Minister Yulia Tymoshenko. Stelmakh meanwhile remained in the number of people consulted by President Viktor Yushchenko. This provoked one of the most high-profile scandals in the history of the National Bank of Ukraine, where a control initiated the fight, President and Prime Minister.

January

attempt to change the leadership of the National Bank, sulivshaya Alexander Savchenko increase, resulted in the failure of the career for him. The proposal to appoint him, and. about. Heads of the National Bank of Ukraine has received from the BYuT faction, tried to remove the chairman of the National Bank Volodymyr Stelmakh and his first zama Anatoly Shapovalov. Subsequently, it is worthwhile to Alexander Savchenko major powers. When it became clear that the current leadership of the central bank will remain in their seats, getting in the opposition Savtchenko removed from the management department of foreign exchange controls and licensing, as well as deprived of authority to control the activities of the executive director of the cash turnover. Because of his obedience took management control of risks, the Department of cash circulation, the Museum of the money the National Bank, Central National Bank of Ukraine and the banknote storage-Mint.

decision to limit the influence of Alexander Savchenko preceded the event, which some considered an attempt to substitute his Deputy chief, others, on the contrary, the desire to find a reason to dismiss a subordinate objectionable. For example, in February, the media rastirazhirovali by Mr. Savchenko from scandalous to abandon the idea of guaranteeing foreign currency deposits of individuals, followed by Anatoly Shapovalov had taken a dramatic statement: Deputy Chairman of the National Bank of Ukraine Alexander Savchenko has exceeded its powers, while expressing personal opinions in an interview about the intentions of the NBU. National Bank encourages people do not react to such statements, forecasts and commentary on politics and the so-called professional banking. figure out who is really who framed already unlikely, but the outcome of these events is obvious: Savtchenko lost major power and is ready to leave the civil service .

Did you discuss with the Government of the likelihood of your appointment by the President of the National Bank during the conflict over the possible resignation of Stelmakh?

- Nobody with me, I did not discuss. My stance is open, and I have always voiced in the press, and in oral form. In my opinion, the head of NBU Volodymyr Stelmakh should work until the end of their term. After the President will propose to parliament the candidacy of the new head of the NBU for approval. It is possible that this will again Vladimir Stelmakh. I believe that adherence to the law in this matter and there is a criterion of civilization of the country.

some of your statements, later refuted by members of the board, looked like the attempt to substitute the head of the NBU. What really happens?

- I did not make any statements, and certainly not made attempts to substitute the more - Vladimir Stelmakh. I know that many times appeared false information, which was attributed to me. For example, say that I am in a crisis supposedly stand for is to abandon the guarantee of foreign currency deposits of citizens. This was a canard. All my attempts to explain on television, what my position really, have not been successful - information persistently put on the Internet. Her accommodation was paid for. In addition, my homonym Alexander Savchenko, strange article which is published on the Internet, and then they fall into the NBU and the Secretariat of the President. And this is just the tip of the iceberg.

who are interested in your discredit?

- a group of people, which was designed to collapse in order to hryvnya earnings or seize power. I struggled with this. Incidentally, few people now and then really struggled for a strong hryvnia, and I am happy that my recommendation - it is simple regulatory instruments - in the end have been implemented, and hryvnya start to grow. I hope it will soon come into balance, I think, so now is the rate of 6,8-7 UAH per U.S. dollar. Then you can adjust in any direction, to prevent harm to exporters, but the real market value of the currency.

You asked specifically who was behind the black PR-campaign?

- interested. I will say this: Anyone who can hryvnia buy cheap and sell dear, and that would use the course as a political tool for the illegal actions. Strong hryvnya and confused them with market rate card. With a strong hryvnya, along with the Prime Minister, a society of associated and me.

your position on the Board of NBU is still opposition?

- I do not oppositionist and not revolutionary. They have no place in central banks. But the collective management bodies, including the National Bank, is to be established and that their members can not only declare his views, but also to convince their colleagues. This is especially important for banks on exchange rate and monetary policy, not to mention the monetary. Indeed, my view is sometimes not consistent with the other members of the board, at the same time, many of its shares. So the board of NBU and intended. Why, for example, the Ministry of the Minister, and there is no government, and we have it? Because the National Bank regulates a very uncertain area, the success of which must take into account different points of view.

According to halt criticism of Stelmakh by the Government, the Cabinet and National Bank entered into a truce …

- Of course, a compromise was found, and this is very good. In the face of external threats to the government and the NBU have been able to unite on many issues. I have personally - a man of compromise. And I think, if we want to change it, to power must come the people who are inclined to compromise, then the law and defend the state, rather than commercial interests. Merchants have no place in the temple.

Scientific-traveler

Session, which Alexander Savchenko has given a lot of free time - research. Банкир видит большое сходство между квантовой физикой и экономикой: Я уже несколько лет работаю над фундаментальным уравнением, доказывающим невозможность одновременного управления инфляцией и курсом. Так же, как в квантовой физике, нельзя одновременно знать скорость движения частицы и ее местонахождение.

Наш герой называет научную деятельность хобби, но не скрывает, что оно стратегическое: он рассчитывает в итоге прийти к новым выводам в экономике и финансах. Результаты своих научных трудов Савченко обсуждает в обществе бизнесменов: У нас есть закрытый клуб, где докладчиками выступают представители науки, а бизнесмены и чиновники их критикуют.

В ближайшее время размышлять о науке, впрочем, как и восстанавливать силы, банкир планирует в Венгрии. В этой стране он предпочитает проводить свой отпуск уже не в первый раз. Наш собеседник любит путешествовать за рубежом, где черпает идеи относительно развития туризма в Украине. А наиболее запомнившееся ему приключение во время отдыха - ожог от прикосновения сицилийской медузы, представляющий смертельную опасность. От знакомства с медузами у него до сих пор сохранились следы на руке.

Какой отдых вы предпочитаете?

- Люблю работать на земле. У меня есть дача под Киевом, на Осокорках. Провожу там много времени.

Ваш летний отпуск уже спланирован?

- Отпуск я беру несколько раз в году, но короткий, по неделе. Люблю отдыхать на море, как летом, так и зимой… Часто уезжаю далеко. Строю дачу в Крыму. Мне очень нравится Крым, особенно район Ялты.

В перспективе он может стать курортом для богатых людей со всего мира.

Что больше всего поразило во время последних каникул?

- На майские праздники я поехал в Трускавец, который тоже считаю перспективным курортом. Был неприятно удивлен инфраструктурой, разбитостью дорог. До этого я приезжал туда в 1994 г., будучи исполнительным директором ЕБРР. С того времени состояние инфраструктуры только ухудшилось.

Какие бизнес-идеи рождаются во время путешествий?

- Когда я был в Испании, удивился, что там всего два-три крупных промышленных предприятия, а люди благодаря курортам живут достойно. И это при том, что им практически нечего показывать, берега Испании по сравнению с Крымом - это деревня. Там нет истории, нет культуры, там красные камни и примитивные постройки. У нас же можно разработать интереснейшие маршруты, но нужна господдержка. Исторический потенциал для туризма огромный - Киев, Львов, Одесса, Крым. Чтобы сдвинуть с мертвой точки эту проблему, достаточно освободить гостиницы хотя бы от платы за землю, чтобы они могли развиваться, инвестировать деньги в строительство дорог, и тогда государство получит от туризма колоссальный приток средств.

В юношестве вы увлекались спортом. Это увлечение осталось?

- Люблю играть в большой теннис, но делать это профессионально не получается, поздно начал. Когда-то очень увлекался футболом, во времена Союза даже играл за молодежную сборную Украины. В последнее время пытаюсь восстановить форму. Хотя и не являюсь активным футбольным болельщиком. А если и болею, то не за киевские команды. В последнее время мне нравится Шахтер - динамично играет.

Перспективы

Будущее Александра Савченко в Нацбанке окончательно определится после президентских выборов. Со сменой главы государства и вероятными изменениями в составе правления Савченко может и не найтись места в Нацбанке. Хотя, если выборы выиграет Юлия Тимошенко, возможно, именно он возглавит НБУ.

Чтобы вероятный уход из НБУ не был болезненным, наш герой наверняка уже в ближайшее время попытается подготовить запасной аэродром. Не исключено, что в перспективе он проявит себя в гостиничном бизнесе, а с окончанием экономического кризиса создаст финансовую компанию, работающую с ценными бумагами. С другой стороны, велика вероятность, что после выборов Савченко попытается пролоббировать создание государственного Банка развития, о необходимости которого говорят уже не один год, и примет участие в управлении им. В любом случае способствовать дальнейшей карьере Александра Савченко будут обширные связи в западных финансовых кругах, которые за время работы в Нацбанке существенно расширились.
 

Алиса Юрченко

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