Volumes of Largest Russian Banks’ Retail Crediting are Reducing
Reduction of retail crediting volumes of Russian banks continued in March, 2009. Calculations took into account 32 Russian financial institutions among 50 largest banks of the country, including Sberbank of the Russian Federation. The only bank with increase of retail credit portfolio was VTB24.
At the first time the fact that Russian financial institutions stopped increasing retail crediting, Central Bank of Russia fixed at the end of 2008.