Barisitz, Stephan; Lahnsteiner, Mathias - In: Financial Stability Report (2010) 20, pp. 77-85
Largely thanks to the recovery of the real economy, the situation of Russian banks has improved again. After month-on-month loan growth had quickly ground to a halt in late 2008, banks contributed to Russia’s deep economic slump in 2009. The share of nonperforming loans had tripled to 10% of...