Kostin, VTB does not expect the increasing delinquency in its loan portfolio
VTB expects to reduce outstanding debt in its credit portfolio, believes that the peak of overdue in the banking sector passed, told reporters on the sidelines of the forum "VTB Capital "" Russia calls!" the head of VTB Andrey Kostin.
according to the Central Bank, overdue debt to Russian banks corporate portfolio in September declined by 1, 3%, and retail - increased by 0, 9%. In the end, the proportion of overdue debt on loans to non-financial institutions remained at the level of August - 5, 8%, and retail loans - increased from 7, 9% to 8%.
"I think we delay will be reduced, we still took large reserves today, and I think that the peak of delay in General for the banking sector, may be passed. Although there are different estimates of the behavior of organizations, our customers, " said Kostin.
"You know, we took a fairly large provisions (reserves - ed.), for example, and Ukraine, and I don't see an increase beyond what is currently available - % six today (VTB - ed.). I think that the situation will stabilize ", - he added.
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