Page 87 - RusRPTSept21

8.1.4 NPLs
In July, corporate overdue debt fell by a significant RUB265bn after the sale of bad debts of one large borrower (in fact, we are talking about restructuring with the involvement of a new owner). As a result of the transaction, there was a partial release of reserves, which influenced the growth of the sector's profits.
In retail in the portfolio, overdue debt increased moderately (RUB11bn , or 1.1%), the main way in the consumer lending segment.
The rate of loan restructuring has stabilized in recent months and remains moderate.
In July, banks restructured the debts of SMEs in the amount of about RUB8bn (in June - about RUB11bn ), and to the population - by RUB24bn.
Data on restructuring of loans to large companies for July will be available after publication of this material, but in June, according to preliminary estimates, was about RUB80bn loans to large companies, which is comparable to the May volume and generally corresponds to the dock level.
87 RUSSIA Country Report September 2021 www.intellinews.com