Tag loan
Economics | Business  | 12.01.21

Russian Business Promotes Decrease in Loans Interest Rate


Russian business associations consider it possible to further reduce the interest rate on loans for small and medium-sized businesses and self-employed, based on priority sectors or changes in the key rate of the Bank of Russia, TASS reports.  According to the Russian Ministry of Economic Development, in 2020, as part of the programme for issuing

Recommended | Economics | Business  | 21.11.20

VTB’s Loans at 2% Helped Support 1 Million Jobs


During its work under the state loan programme for the resumption of activities, the VTB bank has provided support to clients, designed to save more than 1 million jobs. The bank has issued 21,000 loan agreements at 2 per cent per annum in the amount of over 92 billion rubles, om1 reports.   The State Restructuring

Economics | Business  | 13.11.20

Russians Repay Debts to Microfinance Organizations Ahead Schedule


In October 2020, compared to the beginning of the pandemic, Russians began to return more microloans ahead of schedule, according to a study conducted by the IDF Eurasia online lending service, PRIME reports. In March 2020, the share of such loans was 8.5 per cent, while in October of this year it increased to 12

Economics | Business  | 10.11.20

VTB Bank Increased Retail Loans Issuance in Omsk Region


For 9 months of 2020, VTB provided private clients of the Omsk Region with borrowed funds in the amount of 12.3 billion rubles, which is 16 per cent higher than for the same period in 2019. The bank’s retail loan portfolio in the region grew by 17 per cent to 31.6 billion rubles.  It is

Recommended | Economics | Business  | 01.11.20

Russian Business to Obtain Loans at 2% for 420 Billion Rubles


Russian small and medium enterprises from industries affected by the coronavirus pandemic and socially oriented non-profit organizations have entered into agreements with banks to receive loans at a rate of 2 per cent per annum for a total of 420 billion rubles, TASS reports.   The concessional lending programme has already supported more than 5 million

Economics | Business  | 01.11.20

Raiffeisenbank Named Average Loan Under Concessional Mortgage


The average loan amount under the state programme of preferential mortgages at a rate of 6.5 per cent is 4 million rubles, TASS reports. According to the Raiffeisenbank’s data, flats in new buildings at a reduced rate in Moscow, St. Petersburg, and Krasnodar are in the greatest demand.  As part of the government subsidy programme,

Economics | Business  | 25.09.20

Issued Car Loans Number Significantly Decreased in August


According to 4,000 lenders who submit information to the National Bureau of Credit Histories (NBCH), in August 2020, the number of cars purchased on credit, both new and used, amounted to 86.5 thousand units. Compared to the same period last year, the number of car loans issued did not change.  However, compared to the previous

Economics | Business  | 17.09.20

Microfinance Organizations’ Main Clients Named by Financial Experts


Most of the recipients of microloans in August in Russia are twenty-year-old citizens, PRIME reports with reference to the statistics from the National Bureau of Credit Histories (NBCH). Almost a third of microloans (31.4 per cent) in August were issued by Russians under 30 years old, an increase of 4.7 per cent compared to August

Trading | Funny Russia | Business  | 13.09.20

Russian Woman Paid Off Mortgage in 5 Days


A resident of the Nizhny Novgorod region paid off the mortgage in record time. Bank employees approved her a loan for 13 years but she managed to pay it back within 5 days.  According to the local portal, the Nizhny Novgorod resident was going to sell her flat and buy new housing. However, the buyer

Economics | Business  | 07.06.20

Experts Named Russian Regions With Most Affordable Car Loans


The Rusfinance Bank analysts conducted a study and identified the Top 10 Russian regions with the most affordable loans for new cars. The study was based on a comparison of the monthly payment of a client on a car loan and the amount of his average income indicated when filling out a questionnaire for a