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Bank of Russia’s anti-crisis measures promote lending growth

4 July 2023
News

The Bank of Russia assessed the regulatory easing measures taken during the crises of 2014–2015, 2020 and 2022 as regards the effectiveness of supporting lending and maintaining the financial resilience of banks. According to preliminary estimates, these measures helped increase the loan portfolio of the banking sector by 0.8%, 1.3% and 5.5% respectively.

The measures carried out by the Russian Government also made a notable contribution to the crisis resolution and lending support.

The preliminary findings were published in the draft report Assessment of the Effectiveness of the Bank of Russia’s Anti-crisis Measures. The full version of the report on assessing the effectiveness of other anti-crisis policy measures taken by the regulator will be published in late 2023. The final document will take into account the comments and suggestions received by the Bank of Russia during the public consultations that will last until 1 September 2023.

Preview photo: Sergieiev / Shutterstock