Page 86 - RusRPTAug21

8.1.4 NPLs
In June, there was a moderate increase in corporate overdue debt (RUB11bn, or 0.4%), mainly due to the overdue of certain large borrowers.
On the contrary, in the retail portfolio, overdue debt decreased (-RUB7bn, or 0.7%), mainly as a result of writing off a part of bad debt from the balance sheet.
Despite some tightening of anti-epidemic measures in some regions, the rate of loan restructuring remains moderate. Banks restructured debt in June SMEs in the amount of about RUB11bn. (in May about RUB8bn), and to the population by RUB14bn (in May RUB13bn).
In May RUB94bn loans to large companies were restructured and are significantly less than in April, when the volume of restructuring amounted to a significant RUB429bn (the growth was associated with individual large borrowers and is not systemic in nature), and 12% less than in March.
8.1.5 Liquidity, NIMs & CARs
Investments in debt securities increased insignificantly (RUB123bn rubles, or 0.7%), while banks purchased mainly OFZs. The issuing activity of the Ministry of Finance of Russia remains low - the total volume of placed at OFZ auctions amounted to about RUB184bn, of which about RUB110bn (60%) were bought by Russian banks, which is comparable to the May level.
86 RUSSIA Country Report August 2021 www.intellinews.com