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Over 8M18 Russian banks issued more loans. Taking into account the currency revaluation, the level of lending to legal entities increased by 8.3% to RUB32.684 trillion and retail loans were up by 14.1% to RUB13.893 trillion. Without taking into account the exchange rate, corporate lending for eight months of 2018 increased by 3.3%, while retail loans were up by 14.0%.
In the same month, they increased loans to legal entities taking into account the exchange rate by 3.5% (excluding currency effects loans were up by 1.1%), and loans to individuals were up by 2.5% (2.4% without currency revaluation).
62 RUSSIA Country Report October 2018 www.intellinews.com
