Page 71 - RusRPTMay20

Forbearance for loan loss reserves was extended to all sectors, rather than only those mostly affected by COVID-19. The CBR sees sufficient short-term liquidity, but, as the restructuring increases asset maturity, additional longer-term liquidity should be provided via 1-year REPO. Deposit insurance fee will be lowered to 0.1% from 0.15% (paid by banks quarterly), which should preserve part of banks’ incomes. In addition, the CBR’s governor expects the shock on the banking sector to be less severe vs 2014, as there is no pressure on interest rates – banks should show profit for 2020 after a record RUB1.7tn for 2019.
Russia’s banking sector liquidity surplus fell to RUB2.3 trillion ($30.90bn) in March​, the central bank said on April 16. The central bank lowered its year-end surplus forecast to RUB2.1-2.7 trillion, from RUB3.4-3.9bn previously.
CBR banking page
http://www.cbr.ru/eng/statistics/idkp_br/
71​ RUSSIA Country Report​ May 2020 ​ ​www.intellinews.com