Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

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    

Next Previous

You might also find interesting:

Eco-friendly Transportation Campaign
Business Activity in the Areas of Production and Services Fell Below a Critical Level
"Pobeda" has Become the Fourth Largest Russian Company
The Share of High-tech Industries in the Russian Economy Fell Down in 2018
Sberbank and McDonalds will Cooperate in Innovational Development

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Krasnoslobodsk  Russian circus  Russian regions  Russian politicians  travel to Russia  Tatarstan  Russian casino  Mercedes-Benz Fashion Week Russia  VTB Capital  Russia international  corruption in Russia  human rights  Summer in Kolomenskoye  Hermitage Museum  Oddities  Metro Gallery  public transport  Launch Sites  Sergiyev Posad  Book Tickets for Musicals  Vika Lomasko  Book Tickets for Concerts  St. Petersburg  Russian lifehacks  Tretyakov Gallery  Circus in Saint Petersburg  Russian Cinema  Belokurikha  Oleg Kuvayev  Russian Bears  Alexander Litvinenko  Exhibitions in Moscow  Nizhny Novgorod Region  FC Spartak  Baikal  Moscow Archeology Museum  Rostov-on-Don  Russian singers  Moscow  Buryatia  AAR  Russian Premier League  All Events  Alexander Burganov  Russian tourism  Festivals in Moscow  Russian Museum  Russian business  Altay  drug addiction 

Travel Blogs
Top Traveling Sites