Wednesday, June 1, 2011

Banks curtail lending

Russian banks continue to reduce its loan portfolio. Businesses received loans at 0.3% less, and individuals - by 0.8%. This was told RIA Novosti news agency the Central Bank first deputy chairman Gennady Melikyan. Moreover, it does not improve the quality of loans. Proportion of bad debts in the corporate bank portfolios is 6.08%, arrears on loans to natural persons increased by 7 billion rubles, its share rose to 7% of the portfolio. This is 250 billion rubles. Moreover, in February, the situation has not changed. Banks continue to expand the volume of investments in debt securities, such as bonds. "In absolute terms the increase was 335 billion rubles," - said the first deputy chairman.

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