In Russia the number of unprofitable banks has doubled

The Russian banking sector in 2009 showed very mixed results. So according to the Bank of Russia, in 2009 the number of unprofitable banks increased by 2.1 times. By January 1, 2010, the volume of loans fell by 11%, or 442.2 billion and reached the level of 3.563 trillion. rubles. And for the last month of last year, Russian banks had issued loans of 0.4% or 12.7 billion rubles less. It is noteworthy that the volume of loans in rubles - 3.168 trillion. eight times the amount of credits in foreign currency, which translated into Dollar amounts to approximately 395.6 billion in overdue debt on January 1, 2010 reached 242.8 billion rubles for the year grew by 63%! In relation to the total amount of loans it was 6.8%. But some of the results in December 2009 gladdened - 938 credit institutions (88.7% of the total), made a profit. And in December the number of profitable banks increased by 7.7% (67 units). Profit of all banks in Russia this month rose by 2.1 times. At the same time the year was less profitable banks in the 112 - to 10.7%.