November 23, 2024
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Economy

The Russian bank offered businesses to go to Belarus for loans

High interest rates in Russian banks forced Russian entrepreneurs to look for money in neighboring countries.”, — write: www.epravda.com.ua

High interest rates in Russian banks forced Russian entrepreneurs to look for money in neighboring countries. “Sberbank” offered Russian companies to take loans in Belarus, where the subsidiary bank operates.

About this writes The Moscow Times.

The publication notes that the refinancing rate in Belarus is only 9.5%, and the level of average rates for corporate loans in Belarusian rubles increased to only 10.27% per annum from August to September.

Interest rates on short-term loans for small and medium-sized businesses in Russia are approaching 30% per annum.

The scale of subsidiary Russian banks in Belarus is smaller, and the size of loans is also smaller. The lending market in Belarus is 40 times smaller than in Russia.

At the same time, as the publication writes, the Russian Central Bank has warned that, when attracting loans in foreign currency, companies should take into account currency risk and exchange rate fluctuations.

The lack of available loans in Russia threatens the collapse of industries.

We will remind:

The average maximum interest rate on deposits in the ten largest retail banks of the Russian Federation in the first decade of November grew up by 0.74 percentage points to 20.91% – this is the maximum value since 2009.

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