The problem of bad debts is gradually losing its edge

Growth of overdue loans in the past two months, almost to a halt. This was stated today by the head Central Bank of Russia Sergei Ignatiev. "Earlier this year, arrears on loans grew very rapidly, then the growth slowed in the past two months, in fact, stopped" - Ignatieff told the State Duma. Recall that according to the first deputy chairman of the Central Bank of Russia Gennady Melikyan, the proportion of bad loans related to the fourth and fifth categories (problem loans as a whole, not just the overdue portion), a portfolio of Russian banks by the end of the year could rise to about 13% from the current 10%. In this case, the arrears are not exceeds 10%, believes the official. At the same time, the credit activity of banks remains low, Ignatieff acknowledged: the volume of corporate loans is almost no increase, while loans to the population have "a clear downward trend." This is primarily due to higher credit risk who do not want to take on banks, explained head of the Central Bank. "The problem of bad debts gradually loses its sting" - an opinion confirmed by the Bank of Russia, experts of Bank of Moscow. "Banks are beginning to restructure loans to businesses. For example, activation of the mechanism of state guarantees and the transition the ownership of the collateral assets of VTB possible to reduce the total amount of arrears (RAS) in September and October for 42 billion rubles. and to reduce the reserves by 19.8 billion rubles. which made it possible to make a profit in the 40.2 billion rubles. two months ", - experts say. But the banks lend to the economy, indeed, not in a hurry." credit "freeze" in the Russian economy continues ", - states analysts National Rating Agency (HPA).'s portfolio of corporate ruble credits for February-August 2009 decreased by 2.3% to 9.36 trillion rubles. "retail loan portfolio is reduced even more intensely," - noted in his review of the NDA. Loans to individuals in rubles decreased from pre-crisis peak in October 2008 to August 2009, at 11, 2% to 3.21 trillion rubles. "On average, it is very difficult to assess the level of arrears," - commented Bank.ru analyst at Trust Bank Vladislav Sidorov. "These are very different depending on the particular bank. In fact, the failure above that level, which appears in the financial statements prepared in accordance with RAS (Russian Accounting Standards). IFRS (International Financial Reporting Standards), this percentage in Promsvyazbank and MDM, reaching 9-14% of Alfa-Bank - 24%. In the "Savings Bank" - 6%, "Bank of Moscow" and "Gazprombank" it is even less. In retail banking, such as Home Credit, the failure to reach 15%. But its growth is slowing. This is due to several reasons. First, many banks in the average length of the loan - 1-1,5 years. Deterioration is reflected in the statements. Second, banks are actively restructure its debt portfolio. For example, by providing more reliable security or increase it to delay payments on credit. Better mortgages now - it's real estate, shares, equipment. I think that without improvements in the global economy as a whole, substantially increased the loan portfolio of Russian banks should not wait. Although, now get a loan easier than six months ago. The main problem in the retail lending at high interest rates, which, however, begin to gradually decline. I think, a significant improvement in lending to the economy possibly in the middle of next year ", - the expert concludes.