Risks in the banking sector continue to grow along with inflation, which forces the Central Bank to raise the key rate.

And the main reason is budget spending.

Weekly inflation is presented for four weeks in annual terms.

Before I draw a more appropriate model of the financial process, which is reflected in the bank balance sheet, I will depict the theoretical representation of this process in a physical and mathematical form.

We are dealing with an ordinary dynamic process, the idea of representing which has been known since the time of Newton.

F = m * a, where “a” is acceleration and “m” is mass.

The same definition is known in the electric power industry as electrical energy.

... Читать дальше »

The first part of drama.

There are many misunderstandings about the topic of the banking system, and this needs to be described.

Let's imagine how it works in general.

Someone has 100 rubles and decides not to spend it in the store, but to do business.

He lends these 100 rubles to his neighbor for one month at some interest.

Then he writes his financial accounting. ... Читать дальше »

It looks like China has started printing money.

The central bank is the last one to sell something to.

The history and plans of general budget expenditures, expressed in simple and relative annual figures.

The M2 monetary aggregate rose to 19.4% in September.

Raising the Central Bank's key rate to 20% would be quite appropriate.

Amid reports of record profits in the banking sector, people do not notice the growing problems with capital adequacy, which can be seen in the graph below.

Budget expenses began to creep downward.

Company has strong financial results and we can even suppose that dividends for the 24th year will amount to about 1000 rubles.

Historical dividends with their linear approximation are on

Figure 1.

Lukoil's ascent to the financial Olympus began simultaneously with the devaluation of the ruble.

Thus, further success also depends on this.

Strict FCF an ... Читать дальше »