Bankers explained why they are reluctant to lend to Sevastopol businesses
Sevastopol, July 08 (Navigator, Olga Nikolaeva) - Sevastopol entrepreneurs need large-scale lending to develop their business, but banks are afraid of the risks of non-repayment of loans.
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This was discussed on Monday at a meeting of bank representatives with Sevastopol entrepreneurs on lending to small and medium-sized businesses.
Entrepreneurs believe that the lack of lending in conditions where Ukrainian banks have ceased their activities, and Russian banks have not yet begun this process, does not allow small and medium-sized businesses to develop in Sevastopol.
The meeting was attended by the heads of the banks RNKB, Morskoy Bank, Krayinvestbank, GENBANK, SME Bank, and Rossiya Bank.
According to bankers, the main limiting factors for the development of the lending system are the absence of a credit history bureau in the region and the lack of readiness of the Rosreestr of Real Estate, which is necessary for collateral registration of loans, as well as an insufficiently developed notary office.
It is noted that banks bear the risk of non-repayment of loans, and they need time to get to know their clients and gain experience in interaction.
“We need to develop separate products for Crimea and Sevastopol, which may not be accepted in Russia,” says Anatoly Aksakov, president of the Association of Regional Banks.
Deputy Chairman of the Central Bank of the Russian Federation Mikhail Sukhov noted that “speaking of the Credit History Bureau, you can think about how to obtain information about those credit histories that were in Ukraine. In conditions of limited collateral, this will help banks establish the lending process,” he said.
According to the director of economic policy and finance of the government of Sevastopol, Alexey Eremeev, government agencies to promote business will appear in the city in the near future.
“This is a Microfinance Fund that will issue small loans to small businesses, we hope that it will start operating soon. And the Guarantee Fund - applying small businesses will be issued a guarantee covering the body of the loan,” he said.
According to him, it is also planned to create a Small Business Support Fund, which will issue subsidies in certain areas of business.
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