Photo: Alexey Zotov / “Kommersant”
Russian banks in the first nine months of 2019 and increased the total profit by 36 percent, according to the monitoring of the economic situation in Russia prepared by the Russian Academy of national economy and public administration and the Gaidar Institute (is at the disposal “of the Tape.ru”).
According to the calculations of authors, the total profit of banks in January-September of current year has reached 1.5 trillion rubles. The main reason they call the mitigation requirements for establishment of reserves for possible losses on loans, increasing costs for credit institutions. Since July, banks can calculate the amount of reserves according to its own methods without requesting the reporting of the companies of small and medium business.
While corporate lending for the period increased by 3.6 per cent (against a growth of 5.5 percent last year), retail — 14.9 per cent (versus 16.7 percent). During this same time, the overdue debt on Bank loans to non-financial organizations grew by 31.1 percent, due to the inclusion in this list of new categories, on loans to natural persons — by 5.4 percent.
The authors called the sustainable growth of the banking sector a prerequisite for economic growth and social stability in the country.
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