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Summary
The Bank of Russia reports a stable Banking Sector in 2023, with a growth rate of 1.6% in the first quarter. The total assets of the banking system increased by 123.6 billion rubles, reaching 93.6 trillion rubles. The loan portfolio grew by 6% compared to the previous year, with a focus on lending to individuals and small businesses. The bank also notes that the share of liabilities in the national currency has increased, reaching 29%. The report highlights the stability of the banking sector, with a low level of troubled assets and a sufficient provision of reserves.
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