Russian banks’ corporate lending portfolio edges lower in April – central bank

(Reuters) – Russian banks’ corporate lending portfolio eased by 0.03% in April compared with March, the central bank said on Tuesday, adding it expected the portfolio to recover as it cuts the key rate.

Retail deposits at banks rose by 3.8%, or by 1.3 trillion roubles ($23.8 billion,) in April as some Russians brought back the money they had withdrawn from their accounts in March, the central bank said.

It did not disclose banks’ profit or loss for April.

($1 = 54.7000 roubles)

(Reporting by Reuters; Editing by Chris Reese)