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Banks likely to see 10% rise in loan portfolios in 2010
RBC, 19.03.2010, Moscow 11:42:34.The increase in Russian banks' loan portfolio may amount to 5-10 percent in 2010, Deputy Prime Minister and Finance Minister Alexei Kudrin announced at the Banking System in Russia in 2010 conference today. "This is an optimistic forecast. In general, we hail the banks' work with the real economy sector," he stated. On Wednesday, First Deputy Chairman of the Bank of Russia Gennady Melikyan announced that the amount of loans extended by Russian banks to non-financial organizations shrank by 0.7 percent in February 2010 and those to individuals by 0.6 percent. He indicated that the figures incorporated Sberbank's performance and did not factor in the exchange rate differences. He also stated that the total amount of loans extended to non-financial organizations stood at RUB 12.422 trillion (approx. USD 425.12bn) as of March 1, 2010 and to individuals - at RUB 3.526 trillion (approx. USD 120.67bn).
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