VUZ-Bank: SMEs keep borrowing

October 11, 2013. VUZ-Bank reports a slight increase in the amount of loans offered to SMEs. This means there is no decline in the small and medium enterprises' borrowing behavior, the bank's press service reports.

Despite a bit of a downfall on the lending market in 2013, 13% more loan applications were submitted in the first half of the year than a year earlier.

Nevertheless, VUZ-Bank lending management experts forecast that in late 2013 and early 2014, the borrowing rate will go down a little, which has to do with both the overall saturation of the market and the economic situation in the country, that is, the slowing down of economic development.

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