Debts on loans can double the critical level

Banks Finansy29-01-2009 debt on loans can double the critical level of volume of overdue loans in the whole Russian banking system can grow to a level not less than 10% by the end of 2010, predicts the head of Sberbank German Gref. This is twice the critical level, which in the world is 5%. The growth of outstanding debt associated with the deterioration of the creditworthiness of borrowers in connection with the difficult financial and economic situation in Russia and the world. Recall the beginning of this year's delay was, according to Gref, 3,8%. Capacity volume of bad debts was going faster pace. If this level in October was 1.7%, 2.0% in November, it turns out that by the end of year, it rose almost immediately doubled. The head of the Savings Bank did not detail its forecast for the period, but his estimates are correlated with the applications director of the department of banking regulation and supervision of the Central Bank of Russia Alexey Simanovsky. Last week it announced its forecast that on April 1, 2009 the share of outstanding debt could reach 4-4,5%. Pace to achieve a 10 per cent of debt is a realistic prospect.