In the first months of 2014 the focus of active operations of banks has been the build-up of foreign assets as a result of the dollarisation of their domes?? c liabilities. At the same ?? me there was a considerable decrease in household savings deposits with banks compared with last year. The...

Substantial outflow of retail deposits from the banking sector in Q1 2014 forced banks to increase their liability to the regulators – the Central Bank of Russia and the Ministry of Finance – reaching record values. The quality of the retail credit portfolio keeps deteriorating while the...

In April 2014, Russia’s banking sector witnessed a continuation of the trends observed over the several previous months: the share of state-owned banks continued to increase in all major segments of the banking services market; the growth rate of retail lending remained on the decline, while...

The Central Bank’s new management have revoked the banking license of 7% of banks which were operating last year. Additionally, the following trends in the development of the banking sector developed most visibly during the elapsed 12 months: retail market segments – retail loans and retail...

In July, revocations of banking licenses continued. Asset growth was signifi cantly slowed down as a result of shrinkage of their principal sources – corporate funds and foreign liabilities, as well as a very slow movement of individual deposits. Growth of interest rates has so far produced...

Banks’ assets contracted in August due to the shrinking of basically all key types of bank assets. It is only retail accounts and deposits that showed minor positive dynamics, although the downtrend in growth rates was still in place. This also pushed down the growth in the credit portfolio....

In April 2013, the Russian banking sector was driven by the same principal trends that were observed in the first quarter of the year. Real sector lending kept slowing down in spite of higher growth rates in household savings. In addition, allowances for provisions for losses on loans and other...

In H1 2013, the Russian banking sector focused basically on the retail sector. Household bank deposits accounted for almost 40% of increased liabilities, whereas for 33% of increased assets. Corporate loans accounted for as li?? le as 25% of increased assets. Furthermore, retail loan yield hit...

Banks’ assets grew at a rate of 20.1% in May 2013, being a slightly lower than in 2011 and 2012. In May, financial result of the banking business was found to be minimal since the fall of 2011. Household savings on bank accounts and deposits slowed down rapidly after three months of growth. A...

In July 2013, the bulk of banks’ lending operations shifted towards corporate loans: the growth rate of debt against loans issued to companies for the first time over several months in a row became noticeably higher than that of the retail credit portfolio. The shrinkage of monies on corporate...