Russian banks up corporate lending 1.4%, retail 2.3% in Oct - Central Bank
MOSCOW. Nov 13 (Interfax) - Russian banks increased corporate lending 1.4% and retail lending 2.3% in October, the Central Bank said.
Overall lending grew 1.7%.
Past-due debt on the corporate loan portfolio grew 3% and on retail loans - 3.1%. The non-performing loan ratio grew to 4.4% from 4.3% during October and was level at 4.5% for retail loans.
Banking sector assets rose 1.2% during October, due mainly to continuing loan portfolio growth.
The previous month, banks upped the corporate loan portfolio 1% and the retail loan portfolio - 1.4%. The corporate and retail loan portfolio expanded 1.2% in September and assets rose by 0.9%.
Funds placed in correspondent accounts in banks rose by 1% in October. Funds in deposits with the Central Bank of Russia fell 23.7% and correspondent accounts in the Central Bank dropped 12.7%.
The securities portfolio rose 1.1% in the month. Investment in debt instruments grew 1.8%. The volume of discounted notes went down 3.4% and equity securities dropped 1.9%.
The volume of funds raised from the Central Bank increased 5% and Federal Treasury deposits were up 5.7%.
Client deposits rose 0.3%. Retail deposits went up 0.7% and corporate deposits (not including credit organizations) rose 1.1%. Funds in settlement and other accounts fell 2.3%.
There was a 2.3% reduction in the fair value of financial instrument derivatives.
Russian banks posted profit of 820.1 billion rubles in January-October, down 1.6% on the same period of 2012.