FACTBOX-Russian banks struggle with bad loans
MOSCOW, July 9 (Reuters) - Profits at Russian banks could be erased in 2009 if bad loans rise to 10 percent of credit portfolios, the country's central bank has forecast.
Following are links to Reuters stories on the Russian banking system:
GOVERNMENT AND CENTRAL BANK FORECASTS
July 9, 2009 - Russia will spend 150 billion roubles ($4.77 billion) in 2009 and 310 billion roubles in 2010 on recapitalising the banking system via OFZ treasury bills, Finance Minister Alexei Kudrin said. [ID:nL9317896]
July 6 - Russian banks' capital fell by 0.5 percent in May, the first decline since August 2004, while growth in non-performing loans has slowed, the central bank reported.
June 29 - Russian Prime Minister Vladimir Putin tells state banks to boost lending by around $15 billion over the next three months as bad loans rise [ID:nLT723598]
June 26 - Central Bank Chairman Sergei Ignatyev says the chances of the country facing a second-wave banking crisis were "negligible".[ID:nLQ404794]
June 19 - Russia plans to cut off recapitalisation funds to all but its biggest banks under a new draft law. [ID:nLJ220449]
June 9 - Stress tests showed the outlook for non-performing loans in the Russian banking system as of year-end 2009 improving slightly from forecasts given three months before, the head of the central bank's banking supervision department Alexei Simanovsky said. [ID:nL9304302]
June 5 - Russian President Dmitry Medvedev ruled out creating a 'bad bank' to clean up failed loans. [ID:nL534983]
May 22 - The share of non-performing loans may climb to 20 percent by the end of 2009, Russian deposit insurance agency chief Alexander Turbanov said, in the gloomiest forecast from officials to date. [ID:nLM954063]
May 20 - Russia's banks will need at least $15.65 billion of extra capital if non-performing loans stand at 10-12 percent this year, Alexei Simanovsky said. [ID:nLK55866]
April 6 - Russian bank assets shrank for the first time in more than three years in February, while bad loans rose 94.5 billion roubles to 2.8 percent of the total credit portfolio, data showed. [ID:nL6670400]
March 25 - Russian banks can count on further state help should bad loans rise to 10 percent, forcing them to make provisions of $45 billion, officials said. [ID:nLP675712]
