Banks head for record profits, defer recognition of losses Russian banks earned 3.7 trillion rubles in nine months - the same as last year as a whole.
Meanwhile, uncovered problem loans to companies (without reserves and without collateral) rose from 6.1 to 7.2 trillion rubles in just one month. This is about 70% of the capital that the sector has beyond the mandatory standards.
The central bank allows not to create reserves for renewed debts; Unpaid interest on them goes into income, and part of the profit for the banks is given in government bonds, which they buy with loans from the regulator itself. Experts believe that this plan can only work if the rate is reduced. A rigid rate will pass the bill to borrowers: through reserves, defaults and new additional capitalization of banks in the country from the budget. Soft - on investors: through inflation, which will depreciate their 68 trillion faster than the interest that accrues. For now, the central bank is taking a break, and it is not a decision, but a postponement of the decision until 2027 with accrued interest.