Recapitalization of bank sector

Ksenia Yudaeva, Maxim Raskosnov and Anatoliy Krachilov
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Ksenia Yudaeva: Sberbank of RF
Maxim Raskosnov: Renessaince Capital
Anatoliy Krachilov: Troika-Dialog

Ekonomicheskaya Politika / Economic Policy, 2009, vol. 4, 84-90

Abstract: The Russian banking sector in recent months, there are several major trends. First, credit growth has slowed significantly, and since February 2009 has been a trend to decrease in crediting. In May, lending to the real sector and the population decreased by 1.1%. At the same time from the perspective of the non-financial sector, the decline in lending activity looks much more significant than is evident from the statistics on the banking sector. This phenomenon is due to the fact that today the domestic credit market has become the main source of credit for all Russian companies. In previous years, many, especially the largest, the company actively involved loans directly from foreign markets, and received funding from the capital markets by issuing bonds and shares. As a result of the closure of these sources of funding for Russian companies increased their competition for credit resources of Russian banks, which led to a disproportionate deterioration of credit terms for small and medium enterprises. This is according to survey conducted by the Institute for the Economy in Transition.

Keywords: Russian Federation; banking sector; recapitalization (search for similar items in EconPapers)
Date: 2009
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