Russian Banking System Review as of January, 2018

Moscow, March 05, 2018 — Business Systems Consult. Consulting Company BSC prepared monthly review of Russian Banking System as of January, 2018, which covers the general tendencies and presents market shares of major participants. Detailed report is available upon request. Russian version is here.

The tendencies in Russian banking system can be summarised as follows.

1. Balance value slightly decreased (by RUB 1.2tn after ac­co­un­ting for exchange rate effects) as a result of shrinking in­ter­bank market in foreign currencies. 

2. RUB balance sheet term gap did not change significantly. Cor­porate deposits of 6 month term did not compensate ma­turation effects of longer deposits. Increase in current ac­co­unts reflected in the growth of 1 year accounts. However, it is misleading, LCR methodology catastrophically over­es­ti­ma­tes stability in foreign currency accounts.

3. After bailout Otkrytie can not restore its marketshare in corporate deposits. So is Promsvyazbank (PSB). Foreign currency deposits (mainly taken by GPB, whose marketshare added +2.6%) prevented significant decrease in foreign currency liabilities (USD –860m eq., cf. fall in asset volumes by USD 6.67bn). 

4. Deposit portfolio of individuals slightly decreased due to seasonality. 

5. Corporate loan portfolios relax. January has just 16 working days and too many vacations. 

6. Retail loan portfolio of individual borrowers stagnates due to seasonality. We expect the growth trend to continue.

7.         Sberbank and RSHB increased their funding from Russian Central Bank. However, due to operations of VTB, GPB, and banks of “Others” grouping, structural liquidity surplus grew by additional RUB 271bn. 

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Опубликовано 05 Mar 2018 Author Magister ludi

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