Russian Corporate Lending Increased 1.2%, Retail Loans Grew 2.2%

Russian corporate lending grew 1.2 percent last month and bank loans to households increased 2.2 percent, the central bank said on its website today.

Retail bank deposits shrank 0.4 percent in October, Bank Rossii said. The share of non-performing retail loans fell to 5.8 percent of total lending while delinquent corporate loans were unchanged at 5 percent, according to the report.

The country’s banking industry had a combined profit of 676 billion rubles in the first ten months of the year, compared with 441.1 billion rubles a year earlier.

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