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Russian banks’ corporate lending portfolio edges lower in April – central bank

By:
Reuters
Published: May 24, 2022, 18:37 UTC

(Reuters) - Russian banks' corporate lending portfolio eased by 0.03% in April compared with March, the central bank said on Tuesday, adding it expected the portfolio to recover as it cuts the key rate.

Russian banks’ corporate lending portfolio edges lower in April – central bank

(Reuters) – Russian banks’ corporate lending portfolio eased by 0.03% in April compared with March, the central bank said on Tuesday, adding it expected the portfolio to recover as it cuts the key rate.

Retail deposits at banks rose by 3.8%, or by 1.3 trillion roubles ($23.8 billion,) in April as some Russians brought back the money they had withdrawn from their accounts in March, the central bank said.

It did not disclose banks’ profit or loss for April.

($1 = 54.7000 roubles)

(Reporting by Reuters; Editing by Chris Reese)

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