Page 60 - RusRPTApr19

terms last month, for FX-adjusted y/y growth of 6.5% (excluding banks whose licenses have been revoked).
The fall in retail deposits overall both m/m and y/y when set against the rapid growth in retail credits is clearly a worrying trend.
Corporate deposits were down 1.3% m/m in nominal terms but up 0.6% m/m in FX-adjusted terms (for nominal/FX-adjusted y/y growth of 10% and 4%, respectively).
8.1.4 NPLs
Non-performing loans (NLPs) situation has also improved in 2018 as banks have profit again to deal with problem loans. The share of overdue loans notably improved both m/m and y/y, VTBC reports, which can be attributed to repayments and write-offs.
As of the end of 2018, the share of overdue amounts in the corporate portfolio was 6.3% and in retail 5.1%. The share of total provisions was also down m/m and y/y, to 8.3%, still helping the coverage ratio to improve to 177% from 171% a year ago.
The share of overdue loans in the corporate portfolio increased to 7.8% in January from 6.3% in December. The CBR attributed this sharp increase to changes in accounting methodologies, particularly in different treatment of overdue receivables. The retail overdue ratio increased to 5.4% in January from 5.1% in December.
60 RUSSIA Country Report April 2019 www.intellinews.com