World Economy

Russia Loan Portfolio Worsens

Russia Loan Portfolio WorsensRussia Loan Portfolio Worsens

The growth of loan operations is ongoing despite the fact that the quality of banks’ loan portfolio has deteriorated, the head of Russia’s Central Bank Elvira Nabiullina said on Friday, Tass reported. “There is a growth of loan operations despite the fact that the quality of the bank’s loan portfolio has deteriorated. However, we can see some positive developments in this area: arrears are still growing, but this trend is dying out. In October, the share of overdue loans of non-financial corporations increased by 0.1 percentage points to 5.9%, the share of overdue retail loans grew from 8 to 8.1%,”she said.