Russian SMEs Get 11% More Money in Loans

21 February 2019 (09:18)

UrBC, Moscow, February 21, 2019. Expert RA carried with a preliminary report on the Russian lending market for small and medium enterprises in 2018. The amount of loans issued to SMEs rose by 11% last year compared with the year 2017 and came to RUB 6.8 trillion; this is the closest the figures have got to the pre-recession year 2014 (RUB 6.9 trillion) so far, the rating agency’s press service reports.

These were primarily the larger players that shaped the market dynamics: the share of loans issued to SMEs by the country’s top thirty banks rose to 74% in 2018 against 66% one year earlier; the overall SME loan book amounted to RUB 4.2 trillion on January 1, 2019 (up 1% on January 1, 2018); one reason behind this increase was the annual update of the SME register.

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