Page 93 - RusRPTOct22

The share of yuan in local Russia trading has increased to 11% of market
turnover in June, up from <1% in February 2022. Use of yuan for energy payments will push the use of yuan in Russia and fragmentation of energy markets further.
India is helping Russia with de-dollarization, and it is apparently doing so in its own interests. Indian buyers paid for 742,000 tonnes of Siberian coal in June in a non-dollar payment. It was made up of the following currencies: yuan (31%), Hong Kong dollar (28%),
Russia’s President Vladimir Putin has called for a switch to national payments platforms in trade with China and Mongolia wherever possible.
"The growth of mutual trade exchanges is undoubtedly facilitated by the consistent policy of our three countries to expand the use of national currencies in commercial settlements," Putin said on September 15. He was speaking at a trilateral meeting with the leaders of these countries on the sidelines of the SCO summit in Samarkand.
He noted that earlier on Thursday at a bilateral meeting with Xi Jinping, they stated with satisfaction that in the first quarter of this year, the share of settlements in national currencies in Russia's trade with China had grown to 27.5%.
8.0 Financial & capital markets Main indicators of Russian bank sector
Assets RUB mn
Mar 21
Apr 21
May 21
Jun 21
Jul 21
Aug 21
Sep 21
Oct 21
Nov 21
Dec 21
Jan 22
Feb 22
Mar 22
Assets net of loss provisions and income tax
105,258 ,417
107,662 ,184
109,528 ,637
111,042 ,584
110,171 ,359
112,402 ,937
113,389 ,983
114,546 ,893
115,574 ,628
118,991 ,355
120,310 ,473
121,881 ,431
Loans to corporates
46,468, 861
46,869, 428
47,786, 616
48,174, 149
48,136, 154
48,956, 525
49,346, 650
50,019, 799
50,458, 387
51,520, 289
51,945, 452
52,557, 982
55,373, 000
Loans to individuals
20,810, 858
21,261, 201
21,729, 074
22,197, 548
22,756, 280
23,163, 835
23,635, 074
24,072, 117
24,461, 579
24,679, 306
25,067, 579
25,310, 894
25,763, 000
Capital and financial performance RUB mn
Equity capital
11,401, 759
11,565, 815
11,713, 348
11,548, 657
11,738, 393
11,868, 782
12,071, 686
12,200, 755
12,213, 125
12,364, 512
12,605, 054
12,437, 107
Capital adequacy N 1.0, %
12.5
12.6
12.6
12.2
12.6
12.4
12.4
12.4
12.4
12.2
12.3
11.8
Provision for losses (including adjustment)
8,620,7 71
8,600,0 53
8,525,5 91
8,536,0 63
8,465,9 93
8,352,9 18
8,360,4 63
8,325,3 72
8,234,7 15
8,495,4 08
8,309,5 51
8,422,9 32
Provision for losses (excluding adjustment)
9,827,3 00
9,890,4 53
9,789,3 66
9,845,0 95
9,808,6 17
9,691,2 59
9,722,6 36
9,718,9 02
9,707,9 42
9,795,1 79
9,567,8 66
9,710,2 16
93 RUSSIA Country Report October 2022 www.intellinews.com