COVID-19, Corporate Non-performing Loans, and Corporate Lending Dynamics: Evidence from Russian Regions

Polina Popova ()
Additional contact information
Polina Popova: National Research University Higher School of Economics

HSE Working papers from National Research University Higher School of Economics

Abstract: The COVID-19 pandemic had an extremely negative impact on the corporate sector across many economies. This study examines the relationship between the spread of the COVID-19 virus and the quality of corporate loan portfolios and the volume of corporate loans in Russian regions. Using cross-regional variation in the number of COVID-19 cases in Russia from April 2020 to February 2022, we document lower corporate loan portfolio quality among banks operating in regions with higher COVID-19 rates, as well as an inverse relationship between corporate non-performing loans and the volume of corporate loans issued by Russian banks. We conclude that Russian banks adjusted their credit policy, observing a decrease in the quality of corporate loan portfolios. We also quantitatively analyze specific business support measures introduced in Russian regions during the COVID-19 crisis

Keywords: COVID-19; Policy interventions; Company loans; Banks; Russia; Regions (search for similar items in EconPapers)
JEL-codes: Z (search for similar items in EconPapers)
Pages: 32 pages
Date: 2024
New Economics Papers: this item is included in nep-ban and nep-cis
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in WP BRP Series: Financial Economics / FE, January 2024, pages - 32

Downloads: (external link)
https://wp.hse.ru/data/2024/01/17/2104209281/93FE2024.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:93/fe/2024

Access Statistics for this paper

More papers in HSE Working papers from National Research University Higher School of Economics
Bibliographic data for series maintained by Shamil Abdulaev () and Shamil Abdulaev ().