Corporate lending growth in Russia quickens, retail flat in Oct - Central Bank

MOSCOW. Nov 11 (Interfax) - Corporate lending growth by Russian banks accelerated somewhat in October, while retail lending growth was level with September, the Central Bank said in a monetary conditions and monetary policy transmission report.

"According to preliminary data, growth in claims on organizations accelerated slightly in October compared to September, while growth in claims on households was comparable to the previous month," the report says.

Growth in claims on households excluding loan securitization was near zero in September. Adjusted for securitized loans, claims on households continued to grow in September. Claims on organizations rose 0.8% in September, following 1.3% growth in August.

Preliminary data indicate that household ruble deposits grew moderately in October. They rose 0.4% in September after falling 0.1% in August.