Archive of news

On April 1, 2010 a round-table discussion on “Individual Retail Lending to Citizens and SME: New “Rules of the Game” after Crisis”, arranged by the editorial office of weekly paper Argumenty i Facty, took place.

Igor Nikolaev, Director of FBK Strategic Analysis Department, speaking at the round table discussion, pointed out that talks about the end of crisis are premature. «The Central Bank published data on reduction of corporate credit profiles. While reduction of funds raised by entities, i.e. creditors is the evidence of stagnation and even cut-back in production”, Igor Nikolaev explained. According to the economist, for over a year reduction of lending to individuals has been recorded.

As Igor Nikolaev noted, one can judge about stability of economy and its processes according to the difference between refinancing rate and non-financial organizations crediting rate. “This is the very showing expressing attitude of banks towards risks. If this difference is not big, like now, it means that banks assess risks as high, and we can not speak of the turning point in lending”, the expert said.

Pavel Medvedev, Member of the State Duma Committee for Financial Market, Andrey Damaskin, President of Diners Club Russia, Ilya Filatov, Deputy Chairman of the Board of Uralsib bank, Denis Vlasov, Marketing Director of Home Credit Bank, Alexander Budnik, Direcor of Retail Lending Department of Absolut Bank  and others took part in the discussion.