B&N Bank Improved Its Loan Book Quality
OREANDA-NEWS. August 04, 2009. Financial analysts have reported that in June 2009 many Russian banks decreased the rate of the overdue indebtedness mostly due to repayment of some huge loans and restructuring of the problem assets, reported the press-centre of B&N Bank.
Thus, Gazprombank decreased its overdue indebtedness by RUB 17 bln. (-60.9%), Rosbank – RUB 3.9 bln. (-34%), Petrocommerce – RUB 3.1 bln. (-27.2%), East-European Finance Corporation – RUB 1.7 bln. (-26.6%), URALSIB – RUB 803 mln. (-4.9%), Raiffeisen Bank – RUB 690 mln. (-6.2%).
B&N Bank’s asset structure demonstrated positive trend by significant reduction of overdue indebtedness by RUB 1.1 bln. (-24%) due to repayments on corporate loans, with the overdue rate standing at 8.7% of the total loan portfolio as compared with 11,4% in May 2009.
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