Tiraspol, 21 August. /Novosti Pridnestrovya/. According to the central bank, the volume of deposits of the population reached 1.818 billion roubles, which is 38.4% higher than it was at the beginning of the year.
The balance of debt has continued to grow in recent months both on loans to the real sector of the economy and loans to individuals.
Novosti Pridnestrovya has asked the senior lecturer of the finance and credit department of PSU, Yekaterina Chalovskaya, to comment on these data.
As we analyse the performance of the PMR's commercial banks over the past three years, we can observe their unsustainable dynamics. Thus, the total assets of the banking system declined by 4.5% in 2015. And in 2016 they grew by 8.9% and reached 6.382 billion roubles by 1 January 2017.
The equity of commercial banks in 2015 dropped by 2.34%, and in 2016 it exceeded by 29.07% the figure at the beginning of the year, which was achieved by the replenishment of the statutory capital of JSC Pridnestrovsky Sberbank for 500 million roubles to credit the needs of country's budget to ensure the timely payment of salaries and pensions.
The total liabilities of banks in 2016 amounted to 4.711 billion roubles, which was 2.1% higher than at the start of the year. It should be noted that the resource base had showed a downward trend in the previous two years.
The analysed period saw a downward trend in bank deposits: down 13.23% in 2015 and 7.95% in 2016 due to the deterioration of the economic situation, the decline in the total income of the population, and the decline in the average rate of deposits.
Loans to the real sector showed an upward trend, owing to the deterioration of the economic situation in the country and the support given to domestic manufacturers. Loans to individuals reduced during that period: by 18.32% in 2015 and 20.5% in 2016.
However, since February 2017, there has been a steady upward trend in the main banking indicators, with the greatest increase in June-July 2017, apparently as a consequence of the devaluation of the Pridnestrovian rouble. Thus, the banking assets saw a significant increase of 26.9% to 8.102 billion roubles in the first half of 2017. Banks' owned capital rose by 3.6% to 1.822 billion roubles by increasing equity capital due to devaluation, which increased the rouble equivalent of its foreign exchange assets.
The total liabilities of banks were exceptionally buoyant, increasing by 35.4%. The population's deposits rose by 39% due to a fairly high degree of foreign exchange deposits and amounted to 1.826 billion roubles.
The exchange rate also determined an increase in the debt of legal entities by 15.4% to 3.8 billion roubles, half of which was generated in the foreign currency. As a result, loans to the population increased by 12.6% to 847.4 million roubles.
Thus, it is the revaluation of the rouble equivalent of foreign currency remittances as a result of the change in official exchange rates that had the main impact on changing the performance of the banking sector.
