NATO trains Ukrainian servicemen to be dispatched to Donbass — diplomatWorld March 31, 3:36
Russian scientists get evidence allowing to seek review of WADA meldonium penaltySport March 31, 2:27
Russia calls about 100 materials of Jehovah’s Witnesses extremistSociety & Culture March 31, 2:24
SpaceX conducts first re-launch of Falcon 9 rocketScience & Space March 31, 2:23
Russian ambassador urges NATO to abandon military domination policyRussian Politics & Diplomacy March 30, 21:05
Three Russian cities interested in hosting 2023 Basketball World ChampionshipSport March 30, 21:02
White House gives no specific dates for Russian-US summitWorld March 30, 20:23
United Arab Emirates shows interest in Russian helicoptersBusiness & Economy March 30, 20:19
NATO secretary general says ceasefire in Donbass works only on paperWorld March 30, 19:47
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.