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...

In July, main negative trends observed in Russia's banking sector over the recent months persisted: deterioration of assets quality, reduction of the credit activity and unprofitability of banking activity

The June dynamics were a natural continuation of the trends formed in the banking sector in early 2015. Banks' profits remain at the zero level. The funds of the population remain the single main source of banks' liabilities. Retail lending is contracting while corporate lending has noticeably...