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Growth of lending in Russia to reach 11% in 2015 - Central Bank

Elvira Nabiullina said that the demand from banks for re-financing through the Bank of Russia was also growing

© ITAR-TASS/Sergei Bobylev

MOSCOW, September 12. /ITAR-TASS/. Growth of lending in Russia may reach 11% in 2015, Russian Central Bank’s governor Elvira Nabiullina said on Friday.

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She said that lending was growing throughout the current year and the forecasted growth of banking credit portfolios in 2014 was to reach 15-17%

She also said that the demand from banks for re-financing through the Bank of Russia was also growing. “The demand for re-financing via the Bank of Russia is on the rise. We think we manage to satisfy this demand. According to our estimates, the aggregate loan in 2014 will augment by one trillion roubles (26.4 billion U.S. dollars) to reach 6.3 trillion roubles (166.6 billion U.S. dollars). In 2015, we expect this index to go up to seven trillion roubles (185.1 billion U.S. dollars),” she said.

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