Financial Sector Overview
52.5% 48.6%
50.0%
47.5%
28.5%
45.0%
42.5%
40.0%
37.5%
35.0%
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Source: Bank of Russia
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The Central Bank of the Russian Federation
Bank of Russia
FINANCIAL SECTOR OVERVIEW
BANKING SECTOR: DEDOLLARISATION
Dollarization of the banking sector has notably reduced over the last years
Figure 29: Corporate FX lending declined significantly over the
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Figure 31: Share of corporate and retail FX deposits in total
amount of deposits has fallen
Share of FX deposits in total corporate deposits
Share of FX deposits in total retail deposits
Reserve requirements
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Figure 30: Retail FX loan portfolio is insignificant in size
past few years
I Retail loans, USD bn, lhs
Share of FX loans in total amount of loans, rhs
I Corporate loans, USD bn, Ihs
Share of FX loans in total amount of loans, rhs
4.1
182.5
190
42.5%
4.0
3.5%
180
40.0% 3.5 2.5%
3.0%
170
37.5%
3.0
160 37.4%
2.5%
35.0%
25.8%
2.5
150
2.0%
133.3 32.5%
140
2.0
0.6%
30.0%
1.5%
130
27.5% 1.5
1.0%
120
25.0% 1.0
0.5%
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Figure 32: Risk weights applied to the FX assets, %
Retail Corporate
end 2015
■May 1, 2016
July 1, 2018
8%
8%
32.5%
July 1, 2019
160
150%
150%
1
August 1, 2018
30.0%
2.75
140
130%
August 1, 2016
1.75
+20
27.5%
end 2015
4.25
4.25
25.0%
+50
120
110%
+20
+30
22.5%
+10
+10
100
21.3% 20.0%
17.5%
80
37.1% 15.0%
100
100
100
100
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60
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40
FX loans to
exporters
Other corporate
FX loans
Commercial FX
mortgages
Securities of non-
resident
companies
31View entire presentation