19:21, 24 June 2009 Page views 286 views

Growth of Overdue Debt in Russian Banks is Reducing

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By the results of May, 2009, growth of overdue debt in top-30 Russian banks reduced in several times, and four financial institutions even demonstrated decrease of corporate clients’ loan overdue. But experts don’t exclude that part of overdue debt was cloaked in banks’ reporting.

As at June 1, 2009, 22 financial institutions from top-30 Russian banks (except of Sberbank) demonstrated significant reduction of quality decrease of loan portfolio in retail crediting segment, and 20 banks – in corporate crediting segment.

Kommersant Newspaper

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