Page 59 - bne IntelliNews Country Report: Russia Dec17

7.1 FX issues
Russia's finance ministry is likely to increase daily purchases of foreign currency over the next month on the back of higher oil prices , a Reuters survey of analysts showed on Thursday. According to the median forecast of eight analysts polled by Reuters, the ministry will increase purchases to the equivalent of RUB3.9bn ($67mn) between November 8 and December 6. It planned daily purchases of RUB3.5bn for the current month.
More than 60% of people polled by the Russian Public Opinion Research Center (VTsIOM) expect the ruble to fall against the US dollar to 63 in three months , according to a report seen by PRIME on Tuesday. About 49% of people think that the ruble will fall even deeper, to 64. The poll showed that about 65% of the respondents keep their savings in rubles with only 5% having savings in dollars, 4% in euros and 1% in other currencies. About 32% of the respondents said that they have no savings compared with 43% and 39% of people who said they have no savings in 2015 and 2016 correspondingly. In 2009, 66% of respondents had no savings.
8.0 Financial & capital markets
Russia - Bank lead indicators 2010 2011 2012 2013 2014 2015 2016
Total bank loans (LC bn)
18,410 23,634 28,239 33,272 41,899 57,154 55,479
Total bank deposits (LC bn)
21,081 26,082 30,120 34,931 43,814 49,545 49,412
NPLs (% loans)
4.68 3.95 3.7 3.46 3.82 5.33 6.86
Banks: NPL ratio Retail (%)
6.91 5.24 4.05 4.42 5.89 8.09
Bank deposits (% GDP)
45.52 43.69 45 49.16 56.25 64.24
Bank loans (% GDP)
39.2 39 41.4 45.7 52.5 57.4
Bank capital to assets ratio
12.84 11.92 11.94 11.54 8.91 8.92 9.35
CAR: bank capital to risk-weighted assets
18.1 14.7 13.7 13.5 12.5 12.7 13.1
Total bank assets (LC bn)
33,805 41,628 49,510 57,423 77,653 83,000
Banks: Loans/deposits (%)
87.33 90.61 93.75 95.25 95.63 86.93
Banks: ROAE (%)
12.5 17.6 18.2 15.2 7.9 2.3
source: CBR
8.1 Bank sector overview
The problems of Russian banks Financial Corporation Otkritie and Binbank (aka B&N Bank) are seen as "insignificant" for the country's banking sector, Senior Director at Fitch Ratings CIS Alexander Danilov told Reuters on November 23.
59 RUSSIA Country Report December 2017 www.intellinews.com