In Q 3-4 2016, Russia's economy entered the phase of cyclical growth from the lowest point of the business cycle, its typical feature being the unstable movement patterns of the main socioeconomic development indicators. Inflation hit its historic low. The ruble's strengthening boosted the...

In 2016, corporate credit exposure growth rates dropped to zero. Origination of new loans declined against the volumes of economic activity. In recent months, a reduction of past-due payment was observed across all loan categories

At year-end of 2016, upward trend of retail credit exposure on bank loans resumed. Growth was entirely due to residential loans segment in the context of consumer lending shrinking. Shift in the debt structure in favor of cheaper and long-term credits issued for residential purchases secured...

The resolution of Bank Otkrytie FC will be the first case of applying a recently introduced new mechanism for the resolution of commercial banks. The mechanism enables the Bank of Russia to control more efficiently bank resolution costs and can tilt the balance between banking license revocation...