A billboard of Rosbank offers any credits for any wishes.
Photo: Oleg Xarseev
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Companies Owe 10 Trillion Rubles to Banks
Russia’s banks have granted the loans worth 10.3 trillion rubles to local companies, the Central Bank of Russia concluded in the report released via its web.
The corporate loan portfolio of Russia’s banks widened by 937.4 billion rubles in the first three months of this year; the annual growth was 53.9 percent, RBC Daily reported. Of interest is that the growth in corporate loans was accompanied by the decline in individual ones.
What’s more, the methods that the local banks apply to attract money have changed in 2008. The banks used to grant loans for account of money received from the clients, while nowadays, they use the so-called short money for this purpose, including the CBR credits, money of budget and government’s foundations on settlement accounts and the money acquired on the interbank market.
www.kommersant.com
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