06.11.2008, 17:02
CBR Expects Lending of Real Sector of Economy to Rise
OREANDA-NEWS. November 6, 2008. CBR expects lending of the real sector of the economy to rise, but at a slower pace than in September, first deputy CBR chairman Alexey Ulyukaev told the media Wednesday. He pointed out that lending in the real sector of the economy grew 3% in September. "Growth will be modest in October, but there will be some" – he said emphasizing that the Bank of Russia and the Finance Ministry provide banks with loans that reach the real sector of the economy. Ulyukaev acknowledged that there are problems as banks in some cases reassess borrower risks and sometimes make additional requirements. "CBR tries to assist banks, giving guarantees to make them more confident and grant loans" – he said.
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