03:25 GMT10 August 2020
Listen Live
    Get short URL
    0 54

    Fitch Ratings reported that the near-term prospects for Russian retail banks is improving due to loan impairments and rates reduce in 2017.

    WASHINGTON (Sputnik) — The near-term prospects for Russian retail banks will improve as loan impairments and rates reduce in 2017, Fitch Ratings said in a press release on Monday.

    "Most loans issued from 2010 to 2013, when rapid growth in lending amid intense competition led to severe deterioration of asset quality and a sharp increase in credit losses, have been repaid or written off," the release stated. "Portfolios now mainly comprise loans of better quality, issued under stricter approval criteria from 2014."


    Fitch Says Very Likely Will Open Affiliate in Russia
    Fitch Affirms Russian City of Moscow at ‘BBB-’ With Stable Outlook
    Fitch Revises Outlook for Russian Telecom Company T2 RTK From Stable to Negative
    Fitch Revises Russia’s 2017 Oil-Gas Sector Outlook to Stable From Negative
    Fitch Ratings, Russia
    Community standardsDiscussion