Share of restructured loans for 30 biggest banks rises to 35.7% in March
ST. PETERSBURG. May 28 (Interfax) - The share of restructured loans among the 30 biggest banks rose to 35.7% on April 1, up from 35.4% on March 1, 2010, the head of the Central Bank's department for bank regulation and supervision Alexei Simanovsky told journalists.
The Central Bank does not rule out that statistic rising to 40% by July 1, 2010.
"I allow that the share might rise to 40%. One cause is the expiration of the discount on reserving that takes effect on July 1," Simanovsky told journalists in St. Petersburg.
The share of restructured loans was 29.1% on January 1, 2010 and 30.4% on February 1.