The share of troubled assets in Russia’s banking sector has exceeded 10%, a threshold considered the beginning of a systemic crisis, according to Ukrainian intelligence.
This was reported by the Foreign Intelligence Service of Ukraine, Ukrinform reports.
According to a report by the pro-Kremlin Center for Macroeconomic Analysis and Short-term Forecasting (CMASF), analysts say the share of non-performing assets in Russia’s banking system has exceeded 10%. Under International Monetary Fund methodology, this level is considered the threshold for the onset of a systemic banking crisis.
Experts note that the indicator has remained above the critical threshold for the third consecutive month.
The CMASF report states that the crisis is currently “latent in nature”. The deterioration in asset quality is being masked through the restructuring of overdue loans and the dominance of state-owned banks, which allows authorities to avoid panic among depositors and maintain the appearance of stability in the financial system.
