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CHAPTER02
ifrintelligence reports/Opportunities in: Russian Capital Markets
Figure 2.2: Russian loans market growth, July 2004–July 2006
Mid–2004=100
400 350 300 250 200 150 100
Source: CBR data and IFC calculations
Loans to corporate Loans to individuals
1 Jul 2004
1 Jan 2005
1 Jul 2005
1 Jan 2006
1 Jul 2006
Figure 2.3: National household loans markets, 2006 (% of GDP)
% 60
50 40 30 20 10
0
Russia Slovakia Czech Poland Hungary Estonia Germany Euro-zone
Republic
Source: Central Bank of Russia
Table 2.5: Russian deposits and loans, 2002–10E (US$bn, %)
2002 2003
33 52 44 57 10 11 34 47 15 37 10 10
4 10 42 127 1 2 51 81 28 60 15 18 16 20
2004 2005
71 96 38 35 12 13 71 103 52 44 12 14
22 41 119 84 4 5 117 148 45 26 19 20 23 25
2006E 2007E
142 190 48 34 14 16
164 226 60 38 16 19
83 138 103 67 8 12 221 295 49 34 22 25 30 37
2008E 2009E
2010E
Deposits
Retail deposits
% increase
%ofGDP Corporate accounts
% increase %ofGDP
Loans
Retail loans
% increase
%ofGDP Corporate loans
% increase %ofGDP
Total loans/GDP
Source: Troika Dialog estimates
234 292 358 23 25 23 18 21 23
279 351 426 24 25 22 22 25 28
196 271 357 42 38 31 16 20 23
354 431 513 20 22 19 28 31 33 44 51 56
30
