Page 61 - RusRPTNov18

8.0 Financial & capital markets
Russia -Selected performance 2012 2013 2014 2015 2016 2017 indicators of credit institutions
(LC bn)
As of Jun 2018
Assets
Assets (LC bn)
49,510 57,423 77,653 83,000 80,063 85,192 86,586
Loans to non-financial institutions
/ / 29,536 33,301 30,135 30,193 31,398
Loans to resident financial institutions (except credit institutions) (LC bn)
/ / 1,306 1,659 2,777 3,627 4,008
Loans to individuals (LC bn)
Capital and financial performance
/ / 11,330 10,684 10,804 12,174 13,296
Equity capital (LC bn)
6,113 7,064 7,928 9,009 9,387 9,397 9,512
Provision for losses (LC bn)
/ / / / / 6,916 7,348
Profit for the current year (LC bn)
/ / 589 192 930 790 634
CAR capital adequacy (%)
14 13 12 13 13 12 12
ROA (%)
//10111
ROE (%)
Liabilities
/ / 8 2 10 8 7
Individuals’ deposits (LC bn)
14,251 16,958 18,553 23,219 24,200 25,987 26,992
Deposits and funds in the accounts of nonfinancial organisations and financial institutions (excluding credit institutions) (LC bn)
/ / / / 24,843 25,504
Loans received from Bank of Russia (LC bn)
/ / 9,287 5,363 2,726 2,016 2,710
source: CBR
8.1 Bank sector overview
Retail depositors were panicking in August and September and withdrawing their dollars from currency accounts with Russian banks on fears that new sanctions would result in the forced conversation of their hard currency into.
In September, the net outflow of citizens' funds from banks reached nearly RUB500bn, as a result, in the first nine months, the growth in deposits was only 3.5%. The Central Bank hopes that the outflow will be short-term, and so far the forecast is not changed - the inflow is 7–9% per year. Experts believe the withdrawals will continue for a couple of months until a final decision on sanctions is reached in the US after the mid-term elections. As a result, at the end of the year, the rate of inflow of citizens into the system may be the lowest
61 RUSSIA Country Report November 2018 www.intellinews.com