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8.1.4 NPLs
In January, overdue debt in the corporate loan portfolio increased by RUB16.3bn. (+ 0.5%) due to delays of several borrowers, and in retail - more significantly, by RUB27.3bn rubles. (+ 2.9%), primarily in the segment of unsecured lending.
For retail loans, this is higher than the average monthly growth of the previous year (+ 1.6%), which may also be a consequence of the implementation of deferred risks in connection with the restructuring made earlier.
Demand for new restructuring from SMEs and the population is declining, which indicates a gradual normalization of the situation among borrowers. In January, only RUB14bn rubles were restructured loans to SMEs and 16bn rubles of retail loans, which is lower than December volumes by 52.5 and 40.4%, respectively.
Data on restructuring of loans to large companies for January is not available yet.
In total, since the end of March 2020, the total volume of restructured loans has amounted to about RUB7.2 trillion (11% of the portfolio).
The risks from non-performing loans (NLPs) are limited, taking into account they are already provisioned for to the most part. The additional provisioning
89 RUSSIA Country Report March 2021 www.intellinews.com
