CONTRACTION OF CORPORATE LENDING

Mikhail Khromov

Russian Economic Development, 2016, issue 4, 7-10

Abstract: In 2015, the volume of loans extended by banks to enterprises and organizations drastically declined. The volume of new loans granted during the year plummeted, while the amount of debt owed to the banking sector by corporate borrowers remained practi cally unchanged. The decline rate of credit extended to big businesses was lower than the overall median, and the quality of their accounts payable was higher than the average, while the small and medium-sized business borrowers that had shown a considerable laxity of repayment discipline were much less able to secure bank loans.

Keywords: Corporate lending; Russian Economy (search for similar items in EconPapers)
JEL-codes: G28 O11 (search for similar items in EconPapers)
Date: 2016
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