Share of private individuals' overdue bank payments reaches 13.3% in March
15 May 2014 (12:49)
May 15, 2014. The share of private individuals' overdue bank payments in the total amount of debts rose by 0.8% in March 2014 and came to 13.3% of all issued loans by the end of the month, Banki.ru reports.
According to the Central Bank of Russia, banks had issued a total of 271.03bn RUR to private individuals by April 1, 2014, which was 9% more than at the beginning of the year. The amount of overdue loans rose by 15.3% and came t o 36.1bn RUR.
In March, the share of non-performing loans (payments that were over 90 days overdue) went up as well. The share of NPLs came to 6.4% of the Russian banks' consolidated loan book at the beginning of the month but increased by 0.1% and came to 6.5% by the end of March. This is why lending institutions had to raise their bad debt reserves to make up for possible losses; the reserve now comes to 7.3% of all the issued loans against 7.2% in February.
According to the Central Bank of Russia, banks had issued a total of 271.03bn RUR to private individuals by April 1, 2014, which was 9% more than at the beginning of the year. The amount of overdue loans rose by 15.3% and came t o 36.1bn RUR.
In March, the share of non-performing loans (payments that were over 90 days overdue) went up as well. The share of NPLs came to 6.4% of the Russian banks' consolidated loan book at the beginning of the month but increased by 0.1% and came to 6.5% by the end of March. This is why lending institutions had to raise their bad debt reserves to make up for possible losses; the reserve now comes to 7.3% of all the issued loans against 7.2% in February.
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