Page 95 - RusRPTMay21

in February of 0.4%. At the same time, the trend towards a reduction in time deposits continued , which fell by RUB231bn , or 1.1% with a simultaneous increase in funds in current accounts of RUB138bn , or 1.2%, due to the fact that now many banks pay interest on current accounts and clients have more flexibility in managing their funds.
The growth in consumer goods was also affected activity and generally low rates on deposits. Funds in escrow accounts have grown or RUB185bn, which basically corresponds to the trend line.
In March, there was a significant increase in public funds continued up by RUB1.3 trillion, or 23%, related to tax revenues (including income tax for 2020), as well as the receipt of funds within the framework of auctions for the placement of OFZs. In the main the volume of funds was attracted in the form of a short-term repo with the Federal Treasury.
8.1.4 NPLs
Overdue corporate debt decreased by RUB27bn (-0.9%) in March mainly due to the repayment and restructuring of certain problem loans.
In retail the portfolio showed a moderate increase in overdue debt by RUB7.8bn (+ 0.8%) mainly in the segment of unsecured consumer lending. This indicator is lower than both the February rate (+ 1.7%) and the monthly average for the previous the current year (+ 1.6%).
95 RUSSIA Country Report May 2021 www.intellinews.com