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Russian Central Bank notes slowdown in retail lending in 8 months

September 08, 2016, 11:27 UTC+3
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SOCHI, September 8. /TASS/. Central Bank notes slowdown in retail lending in 8 months, banks started adopting stricter approach to evaluating borrowers, Deputy Governor of the Central bank Mikhail Sukhov said on Thursday.

"The dynamics of retail lending slightly slowed down, year-on-year growth in January-August, 2016 totals 0.7% due to the fact that old credit portfolios and the delays stabilized. Banks recently started adopting stricter approach to evaluating borrowers," he said.

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