Russian banks' credit portfolio grows 9.4% in Jan-Oct

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Russian banks' credit portfolio grows 9.4% in Jan-Oct - CBR

MOSCOW. Nov 23 (Interfax) - Russian banks' combined credit portfolio expanded 9.4% in the period January-October, Central Bank of Russia Chairman Sergei Ignatyev told the State Duma.

"Over the ten months, the portfolio of credits to non-financial organizations increased 9.4%," Ignatyev said, adding that the delinquent-debt situation has stabilized.

Central Bank First Deputy Chairman Gennady Melikian has said Russian banks raised corporate lending 2.9% and retail lending 1.8% in September. He said loans to companies went up 8.7% in January-September.