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official position of the Bank of Russia. Bank of Russia does not hold responsibility for the content of
the paper (Bank of Russia working paper
official position of the Bank of Russia. Bank of Russia does not hold responsibility for the content of
the paper (Bank of Russia working paper
position of the Bank of Russia. The Bank of Russia does not hold responsibility for the con-
tent of the paper (Bank of Russia working
New deposits are created and Banking
banks’ foreign assets are accu- Deposits sector Banks’ foreign assets
mulated.
An increase in banks’ net foreign assets is
RUSSIA
Elena Deryugina
Bank of Russia. Email: DeryuginaEB@cbr.ru
Olga Kovalenko
Bank of Russia. Email: KovalenkoOV@cbr.ru
Irina Pantina
Bank of Russia. Email:
loans
Source: Bank of Russia. Source: Bank of Russia.
(*) Data on 2017Q2–2017Q4 are preliminary
BANK OF RUSSIA 6
Cautious Behaviour of Banks and Borrowers
the Bank of Russia
monitors lending activities of micro-finance organ-
isations affiliated with large retail banks (“banking
MFOs”) and assesses their credit portfolio quality.
Banking