27 января 201012:28
Banks’ overdue debt might rise to 11%
The Russian banks’ total share of overdue debt might amount to 9%-11% of their lending portfolio by the middle of the year, the Bank of Russia’s Banking Regulation and Surveillance Director Alexei Simanovskiy said to RIA Novosti. ‘If the current trend carries on, the share of overdue debt will probably amount to about 7% of the lending portfolio, with figures calculated in accordance with the Russian Accounting Standards. Added to this is 1% to 2% of the so-called postponed debt that the banks are officially allowed not to declare until July 1, 2010. This is done under the Bank of Russia’s