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MOSCOW, Oct 31 (PRIME) -- Soured loans in the Russian banking system amounts to about 10%, Deputy Central Bank Chairman Vasily Pozdyshev said at a conference on Tuesday.
“The levels of overdue loans in our banking system are not too high as compared with other states… a figure of 10% is more or less correct,” Pozdyshev said.
He added that corporate loans in jeopardy account for about 7% of the total, retail loans and mortgages for about 8%.
The official said that the central bank will develop individual stress tests for large banks. A sector-wide stress test has demonstrated an about 200 billion ruble capital shortage in a stress scenario as of July 1, and the central bank was dissatisfied with the scope of testing.
“We will develop this focus area. All large banks will undergo individual stress tests,” Pozdyshev said.
(57.8716 rubles – U.S. $1)
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