The meeting discusses the results of activity of financial market participants in 2017 and sets tasks for the current year in Tatarstan

27 March 2018, Tuesday

On March 27, in the Branch Bank - the National Bank of the Republic of Tatarstan of the Volga-Vyatka Main Branch of the Central Bank of Russia, Tatarstan Prime Minister Aleksey Pesoshin, Deputy Head of the Central Bank of Russia Kirill Kovalenko, a manager of the Branch Bank Marat Sharifullin took part in the meeting on the results of activity of financial market participants in 2017 and tasks for the current year.

The volume of loans to enterprises and the citizens of the republic increased by more than a quarter and reached upto 2.3 trillion roubles last year.

Traditionally, the largest part of the credits is issued to legal entities and individual entrepreneurs. Their volume increased by 1.3 times - to 2.1 trillion roubles, as compared with the indicator in 2016.

The citizens of the republic got more borrowed funds by 29 per cent  in 2017 than a year earlier (216 billion rubles.). Mortgage lending has risen at rapid rates, having increased by 37 per cent in 2017. These figures were reported during the meeting.

The meeting noted that the practice of attracting investments by issuing debt securities is not widely spread. Therefore, the development of the corporate bond market is an important area for increasing investment activity.

Pesoshin drew attention of heads of credit institutions to high risks in business lending of bank owners, as well as the need to ensure safe and uninterrupted payments during World Cup 2018 in Kazan.

The meeting also discussed issues of countering illegal financial transactions. Deputy Prosecutor of the republic Marat Dolgov informed the participants of the meeting about measures to suppress illegal financial flows in Tatarstan.

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