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Corporate Clients Prefer Biggest Banks
In January, 30 biggest banks granted more corporate loans than all bank sector on aggregate, the Central Bank of Russia announced via its web, signaling small and middle banks are loosing their clients, while the reports of Top 30 show the surge in corporate loans.
The CBR released via its web the January statistics for 30 biggest banks of the country. Those banks loaned 7.2 trillion rubles in the first month of the year, having stepped up the amount by the record 495.6 billion rubles vs. December.
A week earlier, however, the CBR reviewed the performance of all banking sector that month. The growth in corporate loans was just 383.1 billion rubles in January. The simple comparison manifests that the net amount of corporate loans granted by the biggest banks was 112.5 billion rubles above the amount provided by all banking sector.
The analysts attribute the statistics to the final division of market of corporate loans in favor of the giants. “In the environment of liquidity shortage and as a result of the crisis on financial markets, the big banks lure corporate clients of small and middle banks,” said Trust senior analyst Evgeny Nadorshin. “Those, in their turn, report the decline in corporate loans, which made the total of all banking sector below the total of 30 biggest banks.”
www.kommersant.com
All the Article in Russian as of Mar. 24, 2008
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