Media reported about 40% of the loan overdue in the “Russian standard”

As of March 1, the share of overdue loans in the portfolio of “Russian standard” has exceeded 40%, “Vedomosti”, citing data from the Bank’s balance sheet.

The loan portfolio of the Bank is 168.8 billion rubles, clarifies the issue, and overdue loans to individuals 69,5 billion rubles In second place after “Russian standard” Bank “Orient Express” with 23% of overdue loans.

“Russian standard of accountability assumes that overdue refer to loans with a single day of delay, when the delay of payment by the customer may be technical”, — the newspaper writes.

The representative of the Bank explained that all overdue loans are 100% reserved. He adds that “the Bank has the ability to perform large-scale write-downs and would prefer to work with clients to restore the quality categories of problem loans”.

The newspaper cites data from explanatory information to the Bank’s statements under RAS. It indicates that, for the first nine months of 2015, the Bank has sold to collectors 25 bn of bad loans. In addition, when the ratio of loans overdue by 90 days or more accounted for 29% of the portfolio.