Nabiullina will not force Sberbank to enter Crimea
The Central Bank of the Russian Federation will not motivate large Russian banks to enter Crimea, but will “push” Crimean banks to more active lending. This was stated today at a press conference in Moscow by the Chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov,
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“Our large banks are still afraid to go to Crimea so as not to fall under sanctions. Crimean banks enjoy the support of the Central Bank. We will push them to lend more actively. We’ll bet a bottle of champagne that lending will double next year,” Aksakov said.
According to experts, currently the estimated need of Crimean enterprises for credit funds for the next two years is more than 60 billion rubles, but there is no understanding whether banks can provide such volumes of lending.
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