Russian banks on the basis of 2011 population increased lending by 36%. Central Bank calls these rates impressive, but is concerned that citizens would be difficult to repay debts, and this implies an increase in risks for banks.
The volume of consumer lending by Russian banks for the last year increased by 35.9% compared to 2010. This was announced by deputy chairman Alexei Simanovsky. In 2010, lending to individuals grew by 14.3%. Loans to non-financial sector of the economy last year grew by 26% against 12.1% in 2010. "Our forecast on credit growth of 20-25% were pessimistic and conservative. In the middle and second half of 2011 the process of being rapidly developed, "- quotes" Prime "Mr. Simanovsky. According to him, data on growth rates of lending to "show, on the one hand, the impressive growth, and with another - somewhat wary and attracted attention with regard to implications for banks, including the population, which at some point it becomes difficult to pay debts , which implies an increase in the risks taken by banks. " This year, the Central Bank forecasts a more moderate growth in lending. "In the retail and will be repeated if in 2011, it is unlikely that it will be closed", - said Mr. Simanovsky.
Growth rates of deposits in 2011, however, were lower than the year before - 20.9% vs. 31.2%. In this case the December growth was a record 7.3%. However, this dynamic was better than expected the Central Bank, which predicted that by the end of 2011 the growth in deposits will be at 15%. According to Mr. Simanovsky, so the rapid growth of deposits was the result of changes in interest rate policy of banks. For example, the Savings Bank, a policy in respect of rates which is an indicator for the market in November 2011 raised rates on savings instruments (maximum rate on ruble deposits was then 7.25% APR). This year also began with the Savings Bank raising rates on all instruments to raise funds from citizens on average by one percentage point. At the end of last year raised the deposit rates and the second largest retail bank VTB 24.
Total assets of Russian banks increased in 2011 to 23.1% against 14.9% a year earlier, and up to the banks earned a record 848 billion rubles. profit under RAS, said Mr. Simanovsky. Almost 40% of the total net profit falls on Sberbank. In 2011, he earned a record 321.9 billion rubles. against the 183 billion rubles. in 2010.
The volume of consumer lending by Russian banks for the last year increased by 35.9% compared to 2010. This was announced by deputy chairman Alexei Simanovsky. In 2010, lending to individuals grew by 14.3%. Loans to non-financial sector of the economy last year grew by 26% against 12.1% in 2010. "Our forecast on credit growth of 20-25% were pessimistic and conservative. In the middle and second half of 2011 the process of being rapidly developed, "- quotes" Prime "Mr. Simanovsky. According to him, data on growth rates of lending to "show, on the one hand, the impressive growth, and with another - somewhat wary and attracted attention with regard to implications for banks, including the population, which at some point it becomes difficult to pay debts , which implies an increase in the risks taken by banks. " This year, the Central Bank forecasts a more moderate growth in lending. "In the retail and will be repeated if in 2011, it is unlikely that it will be closed", - said Mr. Simanovsky.
Growth rates of deposits in 2011, however, were lower than the year before - 20.9% vs. 31.2%. In this case the December growth was a record 7.3%. However, this dynamic was better than expected the Central Bank, which predicted that by the end of 2011 the growth in deposits will be at 15%. According to Mr. Simanovsky, so the rapid growth of deposits was the result of changes in interest rate policy of banks. For example, the Savings Bank, a policy in respect of rates which is an indicator for the market in November 2011 raised rates on savings instruments (maximum rate on ruble deposits was then 7.25% APR). This year also began with the Savings Bank raising rates on all instruments to raise funds from citizens on average by one percentage point. At the end of last year raised the deposit rates and the second largest retail bank VTB 24.
Total assets of Russian banks increased in 2011 to 23.1% against 14.9% a year earlier, and up to the banks earned a record 848 billion rubles. profit under RAS, said Mr. Simanovsky. Almost 40% of the total net profit falls on Sberbank. In 2011, he earned a record 321.9 billion rubles. against the 183 billion rubles. in 2010.
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