Page 94 - RusRPTApr21

Against the background of the receipt of funds from the Federal Treasury, banks almost completely paid off repo liabilities to the Bank of Russia (by RUB1.1 trillion).
8.1.4 NPLs
In February, overdue debt in the corporate loan portfolio somewhat decreased by RUB37.7bn (-1.2%) due to the write-off of large debts of one legal entity.
In the retail loan portfolio, overdue debt grew in line with expectations by RUB16.0bn (+ 1.7%), which is comparable to the last year's monthly average growth (+ 1.6%).
Compared to January, the demand for restructuring from SMEs slightly increased (+RUB16.3bn, + 16.4%) and the population (+RUB19.3bn, + 20.5%), but this is more likely due to the large number of working days in February than in January, and not worsening the situation of borrowers.
Data on restructuring of loans to large companies for February will be available after the publication of this material, in January the volume of restructured loans was equal to RUB104bn (almost 3 times lower than in December 2020).
The total volume of restructured loans since March 2020 amounted to about RUB7.3 trillion (11% of the portfolio).
94 RUSSIA Country Report April 2021 www.intellinews.com