Russian banks are cutting lending

Russian banks are cutting lending as the real economy, and citizens against the background of arrears. This is evidenced by data review of the banking sector in Russia. The total volume of loans granted to non-financial institutions, resident, fell in February to 0,15% - to 12,5 billion rubles. The volume of the delay has increased over the month by 0.7 percentage points - up to 397.2 billion rubles (or up to 3,2% of the portfolio). The volume of consumer lending in February decreased by 1.6% - to 3,9 billion rubles. The volume of the delay over the same period rose by 0.4 percentage points - up to 174.2 billion rubles (or up to 4,4%). The total volume of loans, deposits and other allocated funds dropped in February by 1,4% - to 20.9 trillion rubles, and the delay has increased by 0.5 percentage points - 588.9 billion rubles (2.8%). Russian banks' reserves for possible losses on placements rose in February by 5,6%. Many banks claim in advance of building up reserves against outstanding debt. In particular, this is stated, Sberbank and VTB - the two largest banks in Russia. In general, the February bank reserves for possible losses grew by 6% - up to 1.291 trillion rubles on March 1. Number of unprofitable credit organizations in Russia has declined in February for 4 - to 197 on March 1. However, the volume of their net losses increased by 50% - to 33.9 billion rubles. Total on March 1, 1098 Russia has acted credit institutions, and on February 1 - 1104. Portal Bank.ru Materials Rihanna.