OREANDA-NEWS. April 15, 2010. Rashad Orujev, the director of the CBA Credit Institution Supervision Department, says that following the first quarter balance of banks’ foreign lending operations is positive – raised financing exceeds repayment.

“The balance is about +USD400 million. A good sign is that those are more stable resources and more long-term finances – for period of more than a year and from more stable international financial institutions,” Orujev said.

The situation with repayment on foreign liabilities has stabilized as well.

“In principle no peak repayments are expected in 2010. In the 1st quarter banks repaid about USD 300 million and before the end of 2010 should repay USD 1 bn more. But I don’t think that all this sum will be paid as its part will be either refinanced or extended,” he said.

The peak of domestic banks’ repayment on foreign liabilities fell on the share of 2008-9.