According to the Central Bank, the volume of outstanding loans of the banks in March has continued to grow and has even surpassed the February figures. Deposits, on the contrary, significantly reduced both in rubles and in foreign currency. According to market participants, in April decrease in deposits of physical persons has continued and is unlikely to stop in may. And in the near future negative dynamics, you can wait and in consumer lending.The Central Bank has published the reporting of banks for March. The growth of consumer loans has shown the savings Bank (more than 80 billion roubles), VTB (over 71 billion roubles), Alfa Bank (34 billion rubles), Gazprombank (18 billion rubles) and “FC Opening” (almost 14 billion rubles.). Four of them (with the exception of “FC Opening”) in March, the retail loan portfolio increased more than in February. The other growth portfolios was less than 10 billion. However to judge the impact of the pandemic on the banking sector of the Russian Federation before. Even according to the two first decades of April, according to the head of the Central Bank Elvira Nabiullina, the impact of the epidemic only marginally affected the figures banking statistics, “they haven’t changed much in loans”: “the Situation will change and we can expect that the credit growth this year will be low.”According to her, the recession will affect unsecured consumer loans. “In our assessment, it may be up to minus 5%. The situation in the mortgage will be better thanks to the support measures announced by the President, implemented by the government on subsidising the interest rates at 6.5%,”— said Elvira Nabiullina.Deloitte partner Ekaterina Trofimova also expects decline of credit — 2% for the year. And that, in its opinion, will allow banks to set higher Deposit rates. In March, according to statistics of the Central Bank, most banks experienced an outflow of both currency and ruble deposits. Leaders on outflow of ruble savings became the Bank “FC Opening” (24.5 billion rubles), VTB (18 billion rubles), Gazprombank (RUB 13.5 bn.). Reduction of foreign currency deposits leads VTB ($1.6 billion), the second was the savings Bank ($1.48 billion).According to the Director of analytical group Fitch of financial organizations Anton Lopatin, after the fed rate cut, many banks have lowered rates on deposits in dollars, and some have stopped accepting dollar deposits. “From the point of view of interest income dollar deposits become less attractive tool,” he says. According to experts, the overall decline in deposits in March was due to the crisis sentiment of the citizens. “Some investors decided to keep money handy in cash in connection with the growing uncertainty,” explains Anton Lopatin.”In April continued moderate outflow on deposits, but not threatening to the liquidity positions of banks volumes. Today, the outflow is connected with the necessity to cover the daily needs of depositors background��movement of incomes”,— says Ekaterina Trofimova. Head of savings and investment business of the Bank “FC Opening” Alexander Borodkin also noted the decline in all activities of the clients. At the same time VTB in April has not witnessed a significant outflow of customer funds: “At the end of the term of the Deposit some of them went to current accounts and will be used by customers in the future.””We believe that ruble deposits will be more prone to reversal in the dynamics in the form of a net outflow of funds because in that currency saves you the cost of the bulk of the population,” she said. VTB also noted that in conditions of difficult economic situation caused by the pandemic coronavirus, customers prefer to have the money on hand and accordingly place funds in savings accounts and short Deposit.Maxim Builov
