Following consultations with international experts, the Ministry of Finance expanded reporting standards for public sector banks and updated the report published on February 28, 2019.In particular, the section on the functioning of state banks with non-performing loans is supplemented by the following:
- methodological definition of non-performing loans;
- list of measures aimed at working with this type of loans identified by an integrated roadmap for the implementation of public sector banking reform strategy;
- effective mechanisms for non-performing loans management which have already been implemented and legislative initiatives in this area.
The reporting was also supplemented by the description of causes of growth in the share of non-performing loans, action plans for further treatment of such loans, measures aimed at debt restructuring and claim administration of each respective institution, results of arbitration proceedings of state-owned banks against the Russian Federation and the list of open sources containing court decisions on settling overdue debt cases.
Besides, the data on each particular bank is supplemented by the information on portfolios of legal entities and individuals with specification of currencies (national and foreign), while the default portfolio of the corporate sector is represented by the types of economic activity.