13 Dec 2010 11:26

Lending to non-financials could rise 12%, to private borrowers 14% in 2010 - CBR

MOSCOW. Dec 13 (Interfax) - Lending to non-financial organizations could increase 12% this year overall, and credits to private borrowers might be up 13%-14% as the year ends, director of the Central Bank of Russia's banking regulation and oversight department Alexei Simanovsky said.

"For the year 2010 we think we see that growth in crediting of non-financial organizations will be 12% and [growth in] credits to the population will be from 13% to 14%," Simanovsky said during parliamentary hearings on issues concerning the Russian banking system.