Moscow. July 12. INTERFAX.RU – Credits to the Russian economy for six months in 2017 rose 3.4% year-on-year, said the Chairman of the Central Bank Elvira Nabiullina in an interview with “Business FM”.
“This figure has already been cleared of the impact of the exchange rate, year-on-year. This is a good figures if compared with the economic growth, we can say, even outpacing the growth is lending, while quickly restored lending to individuals is 3.8%, lending – 1%”, – said Nabiullina.
As previously reported, in late June, the Chairman of the Central Bank Vasily Pozdyshev said that in the first half of the year expected growth of loans to households since the beginning of the year by 2.7% and 2.9%, businesses have predicted slower growth. With the exception of foreign currency revaluation since the beginning of the year, this increase could amount to 0.3-0.5%, said V. Pozdyshev.
The CB head noted that a very important loan structure. “For individuals a few years ago was booming and even an overbought market in the area of unsecured consumer lending. Many people fall into difficult situation when they have gained a lot of credit”, – Nabiullina has reminded.
According to her, today there are very important changes in the structure, the growing of mortgage lending. “We have a share of mortgage loans to natural persons – 42%. At the beginning of 2015 was 31%. This is a good trend, because the mortgage loans are important for people is to purchase housing, improve their living conditions”, – said the Chairman of the Central Bank. She explained that for banks, mortgage interesting, because “very well maintained”.
“What’s positive is started small business loans. Usually small businesses most vulnerable when the economic downturn begins, primarily banks cease to lend. We see from the end of last year and this year is gradually recovering small business lending”, – said Nabiullina.
“We see already: inflation is going down, and the credits are recovered, they are two trends that each other does not contradict. We are already seeing, by the way, on the mortgage we rates are low by historical standards,” – said the Chairman of the Bank of Russia.