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Lending to the non-financial sector: Opportunities and limitations

https://doi.org/10.32609/0042-8736-2016-3-63-74

Abstract

This paper analyzes borrowing by non-financial sector of the Russian economy. Its topicality is determined by the importance of credit for a successful implementation of the “window of opportunities”, a decrease in credit availability and high credit risks in a number of industries. The comprehensive analysis of lending to non-financial sector of the economy is based on financial statements of corporations and credit institutions as well as on evaluations of the Bank of Russia. The paper highlights performance dynamics of businesses in non-financial industries and their current indebtedness and the role of Russian banks in providing them with credit. Imbalances and risks for growth of lending to the non-financial sector of the economy are revealed.

About the Author

O. Berezinskaya
Russian Presidential Academy of National Economy and Public Administration
Russian Federation


References

1. Bank of Russia (2015). Review of the banking sector of the Russian Federation. Analytical data. No 146. (In Russian).

2. Berezinskaya O., Vedev A. (2014). Investments in the Russian economy: Their potential and activation directions. Voprosy Ekonomiki, No. 4, pp. 4—16. (In Russian).

3. Berezinskaya O., Vedev A. (2015). Dependency of the Russian industry on imports and the strategy of import substitution industrialization. Voprosy Ekonomiki, No. 1, pp. 103—115. (In Russian).

4. Kostyuchenko N. S. (2010). Analysis of credit risks. St. Petersburg: Skifiya. (In Russian).

5. Khromov M. Yu. (2015). Key trends of the Russian banking sector. In: S. Sinelnikov-Mourylev (ed.). Russian economy in 2014. Trends and outlooks. Iss. 36. Мoscow: Gaidar Institute Publ., pp. 174—184. (In Russian).

6. Ulyukaev A., Mau V. (2015). From economic crisis to economic growth, or How to prevent the crisis from turning into stagnation. Voprosy Ekonomiki, No. 4, pp. 5—19. (In Russian).


Review

For citations:


Berezinskaya O. Lending to the non-financial sector: Opportunities and limitations. Voprosy Ekonomiki. 2016;(3):63-74. (In Russ.) https://doi.org/10.32609/0042-8736-2016-3-63-74

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ISSN 0042-8736 (Print)