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Russia's central bank says non-performing loans growth to fall in June

Russia Materials 8 July 2020 16:48
The growth in non-performing loans and loans restructuring in the Russian banking sector is expected to fall in June, Elizaveta Danilova
Russia's central bank says non-performing loans growth to fall in June

The growth in non-performing loans and loans restructuring in the Russian banking sector is expected to fall in June, Elizaveta Danilova, head of the central bank’s financial stability department said on Wednesday, Trend reports with reference to Reuters.

Danilova said that banks’ capital provisions for unsecured consumer loans, valued at 584 billion roubles ($8.2 billion) as of June 1, was a sufficient buffer to see them through the economic crisis brought about by the novel coronavirus.

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