The quality of the loan portfolio of the Russian banking sector in the conditions of the coronavirus pandemic

The current situation in the financial market in connection with the coronavirus pandemic may lead to a significant decrease in the quality of the loan portfolio of the Russian banking sector and, in particular, of all Russian banks. In turn, the deterioration of the quality of the loan portfolio as one of the key factors of the financial stability of banks will entail a deterioration in the financial stability of the entire banking sector. In modern conditions, improving the quality of the loan portfolio of banks has acquired particular relevance. The article presents the results of an analysis of the quality of the loan portfolio of the Russian banking sector for the period from 2018 to 2021, examines the measures taken by the Bank of Russia to support the financial sector, and draws conclusions about the quality of the loan portfolio of Russian banks in a pandemic. Based on the analysis, it was concluded that the quality of the loan portfolio of Russian banks has slightly deteriorated both during the period of active spread of coronavirus infection and during the period of weakening of the pandemic. However, due to the significant share of restructured loans in the loan portfolio of Russian banks, there are deferred risks of deterioration in its quality.