Russian Central Bank notes slowdown in growth rate of corporate loans, banks clarifying plans - Nabiullina

MOSCOW. Dec 4 (Interfax) - The Central Bank of Russia has noted a slowdown in the growth rate of lending, including corporate, Central Bank Governor Elvira Nabiullina said during the macroeconomic session of the VTB Russia Calling! forum.

"We already see from the latest data that there has been a slowdown in loans, including corporate loans. This is the latest, operational data that will be updated. We see how banks are updating their lending plans, and we will naturally take this factor into account. We will receive more up-to-date data ahead of the board meeting," Nabiullina said.

Central Bank data indicate that Russian banks continued to boost the corporate loan portfolio significantly by 2.3% in October versus by 2% in September. Ruble loans grew by 2.4 trillion rubles, or 3.3%, while foreign currency loans decreased, particularly owing to conversions into rubles.