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Russian Banks will get Compensation for their Lost Revenues
31.10.2018 00:10
Russian Banks will get Compensation for their Lost Revenues

In 2019, the state plans to allocate up to 7.2 billion roubles for compensation of Russian banks for their lost revenues upon concessional lending to small and medium-sized businesses in priority sectors. This amount is 11 times larger than that allocated this year (635.5 million roubles).

      This sum is included into the draft federal budget for 2019 and the subsequent  years 2020-2021. The funds included into budget this year enable banks to issue concessional loans for the amount of 20 billion roubles; next year this amount may grow up to 200 billion roubles.

      In general, the state plans to increase the amount of funds paid for compensation of incomes lost almost ten times in six years:  in 2024 the indicator should reach 66.6 billion roubles. In the next year the access to concessional lending may be granted to non-priority sectors as well.

      Find More about Business in Russia


Author: Anna Dorozhkina

Tags: Russian banks Russian business    

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