FACTBOX-Russian banks struggle with bad loans

MOSCOW, August 12 (Reuters) - Russian banks could be forced to make provision of $45 billion in 2009 should bad loans rise to 10 percent of their overall credit portfolio, thus fully erasing profits in the banking sector.

Here are Reuters stories on the Russian banking system:

GOVERNMENT AND CENTRAL BANK FORECASTS

July 21 - Russia may need extra 60 billion roubles ($1.89 billion) to support banks, the head of Russia's state-agent VEB bank, Vladimir Dmitriev, said. [ID:nLL489006]

July 9 - Russia will spend 150 billion roubles ($4.77 billion) in 2009 and 310 billion roubles in 2010 on recapitalising banks via OFZ treasury bills. [ID:nL9317896]

June 29 - Russian Prime Minister Vladimir Putin tells state banks to boost lending by around $15 billion over the next three months to help the economy. [ID:nLT723598]

June 26 - Central Bank Chairman says chances of a second-wave of banking crisis are "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 5 - President Dmitry Medvedev rules out creating 'bad bank' to clean up bad loans. [ID:nL534983]

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

July 22 - Oleg Vyugin, chairman of MDM bank, says bad loan levels are already 10 percent in the banking system [ID:nLM83854]

June 30 - Pyotr Aven, president of Alfa Bank, Russia's largest private bank, says defaults may hit $130 billion in the next 12 months. [ID:nLU501949]

June 30 - Russian banks require between $20 billion and $80 billion in additional capital within a year as non-performing loans will reach between 15 and 40 percent of banks' loan portfolio by year-end, Fitch said. [ID:nLU368648]

June 1 - Russian banks may need around 1.3 trillion roubles ($41.51 billion) for recapitalisation in 2009, Moody's said [ID:nL1554029]