Banks chose about 60% of the limit of the RF Central Bank on project financing


Moscow. On 25 January. Banks participating in the program project Finance was chosen about 60% limit of the Central Bank of the Russian Federation in the framework of this mechanism.

According to a source in the financial-economic bloc of the government, on 15 January the volume of loans is actually using the mechanism of project financing amounted to 68,9 billion roubles. Of this amount, the Central Bank on the same date refinanced to 58.1 billion roubles. A month earlier – on December 11, 2015 – these indicators amounted to 56,9 billion and 50.5 billion respectively.

The indicator remains below the threshold that the Central Bank has identified as a trigger to increase the limit from 75 billion to 100 billion.

The economic development Ministry and the Central Bank last year spent several months arguing about the scale of the programme of project financing. The Central Bank refused to increase its volume from 100 billion rubles, while the Ministry insisted on 240 billion (on the basis of state guarantees of 60 billion rubles and the ratio 1:4) and continued to take new participants of the program, although the total volume required for their projects credit resources have long exceeded 100 billion rubles.

In the end, the Central Bank has agreed to consider increasing the limit of the program, but only when it is selected 75% active (i.e., 75 billion). In October, when it was selected 32 billion and refinanced 29 billion roubles, the Minister of economic development Alexei Ulyukayev expressed confidence that by the end of the year, 75 billion roubles will be selected.

The interdepartmental Commission under the Ministry of economic development has approved 42 projects with a total value 347,1 billion rubles, and the amount of the requested credit resources 235,5 billion. At year end, the ERM was not going as had already been chosen, the entire volume of state guarantees allocated in the budget for 2015.