Banking sector key indicators showed stability in November 2016

Bank assets kept growing in November, while lending to the economy remained moderate, says the analytical material Russian Banking Sector Development in November 2016 published on the Bank of Russia website.

Growth in bank assets was registered against the backdrop of the improved quality of the loan portfolio and the reduction in both volume and share of overdue loans. The interbank lending market showed an increase in the volume of operations.

November saw nominal growth in corporate deposits and funds with banks (by 1.9%) for the first time over the past 6 months. The inflow of household deposits into Russian banks is on the rise. Over the first 11 months of 2016, they increased by 2.0% (by 5.2% excluding FX revaluation).

The banking sector shows the improved financial performance in 2016: profits made up 788 billion rubles in January-November or a threefold increase on the same period of 2015.