Bank lending has shown a trend of accelerating at a pace exceeding GDP growth for several consecutive quarters. At the same time, the non-performing loan ratio rose to 4.3% (+0.5 percentage points quarter-over-quarter). The reasons for this increase include an underestimation of borrowers’ creditworthiness and a lack of up-to-date information on accounts receivable.
At the same time, the level of past-due loans remained relatively stable. According to IFRS 9, this indicator stood at 1.5%, which is 0.1 percentage points higher and comparable to the regional average.
All other risks in the banking system—including liquidity levels, sector concentration, market risks, and systemic factors—are assessed as low.
The regulator presented the half-year overview at an expanded meeting of the Financial Stability Committee, attended by invited guests—the government’s economic and finance ministers—who took note of the information regarding the financial stability of the banking system.
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