Current state and possibilities of development of long-term bank lending to non-financial institutions in Russia

DOI

10.2991/ttiess-17.2017.108How to use a DOI?

Keywords

banking system of the Russian Federation, long-term lending or crediting, GDP, investments, inflation expectations, fixed assets.

Abstract

The article analyzes the current state and the dynamic trends of long-term bank lending in Russia, the main indicators characterizing the development of long-term lending to non-financial corporations, commercial banks and its impact on the real economy. As a result of the study of the dependence of rates on long-term bank loans from short-term rates of banking market, it was found out that during the increase of the key rate, banks primarily increase rates on the short-term programs. Thus, as the total cost of lending grows, the cost of long-term lending may be lower than that of the short-term lending. It is determined that the relationship between the growth rate of short-term rates and the spread between short-term and long-term rates is negative. It was also concluded that, in spite of accelerating pace of the development of long-term lending in Russia, it does not provide the necessary growth rate of the investments in fixed assets of organizations, which is partly due to an increase in the share of loans to non-residents of the country.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Maxim M. Sytnik
AU  - Olga S. Miroshnichenko
PY  - 2017/06
DA  - 2017/06
TI  - Current state and possibilities of development of long-term bank lending to non-financial institutions in Russia
BT  - Proceedings of the International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017
PB  - Atlantis Press
SP  - 660
EP  - 664
SN  - 2352-5428
UR  - https://doi.org/10.2991/ttiess-17.2017.108
DO  - 10.2991/ttiess-17.2017.108
ID  - Sytnik2017/06
ER  -