FACTBOX-Russian banks struggle with bad loans
MOSCOW, July 14 (Reuters) - Profits at Russian banks could be hurt in 2009 if bad loans rise to 10 percent of credit portfolios, Russia's central bank has forecast.
Here are Reuters stories on the Russian banking system:
GOVERNMENT AND CENTRAL BANK FORECASTS
July 9 - 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. [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 slowed, the central bank reported.
June 29 - Russian Prime Minister Vladimir Putin tells state banks to boost lending by around $15 billion over next three months as bad loans rise. [ID:nLT723598]
June 26 - Central Bank Chairman says chances of Russia facing second-wave banking crisis "negligible." [ID:nLQ404794]
June 19 - Russia plans to cut off recapitalisation funds to all but its biggest banks under new draft law.[ID:nLJ220449]
June 9 - Stress tests show outlook for non-performing loans in Russian banking system as of year-end 2009 improving slightly from forecasts three months before, according to head of central bank's banking supervision department. [ID:nL9304302]
June 5 - Russian President Dmitry Medvedev rules out creating 'bad bank' to clean up failed loans. [ID:nL534983]
May 22 - Share of non-performing loans may climb to 20 percent by end 2009, Russian deposit insurance agency chief Alexander Turbanov says. [ID:nLM954063]
May 20 - Russia's banks will need at least $15.65 billion extra capital if non-performing loans stand at 10 to 12 percent this year. [ID:nLK55866]
April 6 - Russian bank assets shrank in February for first time in more than three years, while bad loans rose 94.5 billion roubles to 2.8 percent of total credit portfolio. [ID:nL6670400]
March 25 - Russian banks can count on further state help if bad loans rise to 10 percent, forcing them to make provisions of $45 billion. [ID:nLP675712]
BANKER AND ANALYST COMMENTS
June 30 - Pyotr Aven, president of Alfa Bank, Russia's largest private bank, says government must boost bank recapitalisation plans to 10 percent of gross domestic product as defaults may hit $130 billion in next 12 months. [ID:nLU501949] Continued...
