MOSCOW, Apr 27 (PRIME) -- The operating environment will remain tough for Russian banks and the sector will face a lengthy recovery, rating agency S&P said in a report on Thursday.
The progress will start in 2017 amid a general improvement of the macroeconomic situation. Lending will increase 5–7% in 2017 and 2018, the agency said.
The quality of Russian banks’ assets bottomed out in 2016 and is expected to improve gradually.
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