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 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 domestic liabilities. At the same time there was a considerable decrease in household savings deposits with banks compared with last year. The...

In January 2014, banks generated extra revenues of Rb 39bn from the devaluation of the ruble , whereas adverse dynamics of household disposable incomes triggered worsening of the quality of retail loans. Banks keep being dependent on monetary authorities' resources

The dynamics of basic development indicators in the banking sector in November 2013 was governed by the most notorious event of the month in the banking sector, i.e., revocation of the license of Master Bank. The event triggered redistribution of assets and the customer base in favor of major...

In May 2015, contraction of practically all categories of attracted funds of the banking sector resulted in the paralyses of corporate loans and clearing of quick funds. In May, P&L impact of the banking sector went back to the positive zone although aggregate P&L impact for the first five...

In Q1 2015, there emerged the first signs of two negative trends approaching a break point: the inflow of individual funds into bank accounts and deposits finally reappeared, and after several months of negative financial results the banking sector managed to finish March 2015 in the black. At...

February 2015 saw almost all of the trends prevailing over the recent months: the retail credit portfolio saw negative growth rates, the quality of the credit portfolio kept deteriorating both in the corporate and retail segments of the credit market, the debt owed to non-residents kept...

In early 2015, Russia's banking sector was operating under an increasing impact from several negative trends that had first become prominent towards the end of 2014. January 2015 became the second-in-a-row lossmaking month for banks, the second-in-a-row month of declining debt against retail...

Late in 2014, Russia's banking sector was driven by the ruble's devaluation and mounting crisis-related developments in the economy, firstly the decline in real disposable household income. Banks sustained big losses for the first time since 2009, and the money market regulator strengthened its...

In 2016, the volume of bank lending resumed growth. However, its level remains below the 2014 indicators and is insufficient to curtail the reduction of the population's loan debt volumes. There is a shift in the retail bank lending debt structure in favor of the long-term and cheaper mortgages....