FACTBOX-Russia's banks struggle with bad loans

MOSCOW, June 9 (Reuters) - Russian banks could see their profits erased in 2009 if bad loans rise to 10 percent of credit portfolios.

Following are links to recent government and industry forecasts for the banking industry:

GOVERNMENT AND CENTRAL BANK FORECASTS

March 25, 2009 - Russian banks can count on further state help should bad loans rise to 10 percent, forcing them to make provisions of $45 billion, officials said. The central bank says recapitalisation is still preferred to a bad bank. [ID:nLP675712]

April 3 - Banks could avoid a second wave of the crisis, this time linked to bad loans, says Sergei Ignatyev, the head of the central bank. [ID:nL3431000]

April 6 - Russian bank assets shrank for the first time in more than three years in February, while bad loans rose 94.5 billion roubles to 2.8 percent of the total credit portfolio, data showed. [ID:nL6670400]

May 5 - Russian bank assets shrank for the second month in a row in March, after over three years of consecutive growth, while retail deposits decreased slightly for the first time since November 2008. [ID:nL5758149]

May 20 - Russia's banks will need at least $15.65 billion of extra capital if non-performing loans stand at 10-12 percent this year, says Alexei Simanovsky, head of the central bank's banking supervision department. [ID:nLK55866]