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8.1.4 NPLs
Provision of unsecured consumer loans will rise only 5–7% in 2017, but provision of car loans will increase 8–10% in the year and raise the demand for Russia–produced cars, ACRA said.
Provision of loans to large businesses will grow 6–8% d ue to inflation and involvement of large banks in financing of infrastructure projects. Crediting of small and medium-sized businesses is expected to restore, but the average annual dynamics in 2017–2020 will not be high, the agency said.
The share of bad loans will not fall below 14%, a nd the cost of risk may grow to 1% from 0.3% in 2017.
69 RUSSIA Country Report February 2017 www.intellinews.com
