Central Bank of Russia: Overdue Debt of Corporate Clients Grows
According to Bank of Russia, maximum growth of overdue credit debt of corporate clients amounting to 20–22% was fixed on January, 2009. However, its share didn’t exceed 3.1% on March, 1, 2009. Overdue debt of individual borrowers amounts to 4.1% but grows more slowly.
The total overdue credit debt in Russia amounted to 2.7% on February, 1, 2009. By the results of Q1, 2009, Central Bank of the Russian Federation predicts the share of overdue debt at 4.5–5%.