Page 50 - RusRPTJune18

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 CBR has published preliminary banking sector statistics for April.
The 8% MoM weaker rouble supported the balance sheet performance.
Corporate loans were up 6.2% y/y (excluding the FX factor, only 3.7% y/y). The retail portfolio grew 1.8% MoM and 16.6% y/y (up from 15.7% y/y in
March) as demand for mortgages and consumer loans remains strong.
Asset quality remained stable in the corporate segment and notably improved in retail.
Retail deposits increased 10.2% y/y and corporate 6.6% y/y . However, excluding the FX factor, growth was 8.3% y/y and 3.2% y/y, respectively. The CBR fund grew 15.1% MoM and 85.1% y/y, likely due to the ongoing sanitisation process.
Profit in April recovered 5.7% MoM, but fell 14.0% y/y. Four-month profit was also down, 2.9% y/y, likely on higher provision charges and a decline of NIM.
The latest data suggests an outperformance by Sberbank in lending in both the corporate and retail segments. Sector profit is gradually recovering, but pressure from declining NIM might stay intact in 2018. Solid growth in CBR
50 RUSSIA Country Report June 2018 www.intellinews.com