Alfa-Bank’s share of overdue debt comes to 9.83%

The share of Alfa-Bank’s corporate overdue debt reached 9.83% on April 1, 2009 compared with only 1.14% on October 1, 2008 and 6.04% on January 1, 2009, Banki.ru refers to Alfa-Bank’s Deputy Chairman Vladimir Tatarchuk as saying.

According to Tatarchuk, the entire portfolio’s debt share amounts to 10%, while the bad debt makes up 20% of the total lending portfolio volume.

‘Unless some emergency occurs, we’ll manage to keep our overdue and bad debt shares the same by the end of the year,’ says the executive as quoted by Banki.ru.


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