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Almost half of corporate loans in the Kuban are granted to trading companies :: News

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In January-September 2022, banks issued loans worth more than 1 trillion 228 billion rubles to the business community in the region. That is 17% more than in the same period last year.. Trading companies were the most active in using credit support – they accounted for 45% of all loans issued. For organizations involved in real estate transactions – 15%, for the manufacturing industry – 14%. This is reported by the press service of the Southern GU of the Bank of Russia.

The share of loans to companies in the Kuban as a whole was more than half of all corporate loans in the Southern Federal District. According to a survey of banks in the third quarter, the growth in business interest in borrowing money is partly related to the easing of credit conditions. And a number of companies needed working capital replenishment related to supply chain extensions.

Almost 395 billion rubles of loans were issued to small and medium-sized enterprises, which is more than a third more than in the first 9 months of last year. In July-September, demand from SMEs for loans with a term of more than one year increased sharply, while interest in short-term loans was stronger in the second quarter. The increase in lending in the region continued to be mainly driven by concessional government programs for small and medium-sized businesses.

The corporate portfolio of the Krasnodar Territory grew by more than 32% over the year and exceeded 1 trillion 590 billion rubles. In the corporate segment, lending increased by 25.3%, while SMEs increased their liabilities to banks by almost 52%.

There was also a positive dynamic in the funds raised by banks from the Kuban corporate sector. Current account balances of organizations increased by 2.2 times over the year and amounted to almost 422 billion rubles as of October 1, 2022. The volume of deposits of legal entities grew by 1.7 times and exceeded 274 billion rubles. The amount of funds from individual entrepreneurs for the year added 16% and reached 81.6 billion rubles.

By Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org