Russian space facility operator helping South Korea to build launch pad for carrier rocketScience & Space July 21, 16:16
Lavrov sees nothing sensational in informal Putin-Trump gathering at G20Russian Politics & Diplomacy July 21, 16:00
US plans to ban its citizens from traveling to North Korea — tour operatorWorld July 21, 15:35
CIA chief’s remarks on 'Russian meddling' in US elections beyond bounds of reason — LavrovRussian Politics & Diplomacy July 21, 15:06
Flights at MAKS-2017 International Air Show suspended due to bad weatherMilitary & Defense July 21, 14:28
Lavrov asserts details on Syria’s southern de-escalation zone in final stagesRussian Politics & Diplomacy July 21, 14:14
Russia wins 2017 FINA World Championships’ gold in women’s team free competitionSport July 21, 13:55
Poll shows majority of Russians back further aid to DonbassSociety & Culture July 21, 13:44
First bionic eye surgery successfully completed in RussiaScience & Space July 21, 13:41
MOSCOW, October 31 (Itar-Tass) - Bank of Russia (CBR) predicts the growth of overdue loans will continue till mid-2014, the head of the CBR banking regulation department, Vasily Posdyshev, told Journalists on Thursday.
“I think bad debt will be increasing till the end of 2014, at least till its second half-year. Then we shall see a better quality of the loan portfolio, with more serious and tough procedures applied in relation to the overdue debt,” he said adding banks would be able to straighten out from mid-2014.
According to the CBR, overdue retail loans increased 35 percent to 422.5 billion roubles in January-September 2013. In September alone they added 3.3 percent, says the banking sector review. Bad debt has been increasing ahead of banks’ loan portfolios. Thus, retail loans grew 21.5 percent to 9.4 trillion roubles over nine months.
In the corporate sector, overdue loans totalled 956.2 billion roubles as of October 1, 2013, 3.5 percent up over nine months and 0.4 percent up in September. Overall corporate lending increased 10.1 percent to 22 trillion roubles in this period.