Funeral ceremony for UN Ambassador Vitaly ChurkinRussian Politics & Diplomacy February 24, 10:35
Moscow appoints acting permanent representative to UN after Vitaly Churkin’s deathRussian Politics & Diplomacy February 24, 8:25
Pentagon wants more senior-level talks with Russia on security of flights in Syria — mediaWorld February 24, 8:15
IAAF approves application of three Russians to compete as neutral athletesSport February 24, 1:43
US lawmakers present no evidence of Russia’s interference in US election - Russian MPRussian Politics & Diplomacy February 23, 21:42
Russia to continue strengthen its Armed Forces - PutinRussian Politics & Diplomacy February 23, 21:37
4,000 Russian nationals fight among militants in Syria - PutinRussian Politics & Diplomacy February 23, 21:31
Opposition’s demand of Assad’s immediate resignation absurd - Russian envoy to GenevaRussian Politics & Diplomacy February 23, 16:34
Moscow celebrates Defender of the Fatherland DaySociety & Culture February 23, 16:19
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.