Russian Banks Boost Lending to Non-Financial Sector by 8.1% in 2010
OREANDA-NEWS. February 02, 2011. The total amount of loans granted by Russian banks to legal entities and private entrepreneurs in 2010 totaled RUB 20.6 trln, up 8.1%, or RUB 1.5 trln to the 2009 level, CBR said in a report on the financial market and banking sector bailout in 2010, prepared for the State Duma. Of this figure, some 28.7%, or RUB 5.9 trln, were granted by banks with more than a 50% state participation.
Ruble loans made up an 86.9% share. The bulk of 2010 loans were to the real economy, wholesale and retail trade operators, companies involved on the maintenance of motor vehicles and personal belongings (27.4% in 2010 vs. 26.6% in 2009) and processing businesses (20.2% vs. 20.3% in 2009).
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