Financial services to small business Research by Expert RA
| Title | Summary |
| SME crediting in Russia: time to make choice | The fastest growing market: in 2007 SME crediting passed by corporate and
retail crediting. Corporate credit portfolio went up by 49%, individual credit
portfolio - by 57%, the SME credits by banks neared 62% and amounted to 54.1
bln dollars. Credits to SME (enterprises with earnings in the neighborhood of 5
mln dollars a year) were almost doubled - about 21 bln dollars.
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| Crediting SME business in Russia | Regional branches and interesting product offerings lead the SME credit
market nowadays. The first extensive step of development has been completed -
federal banks built up their regional branches and had to deal with systemic
limitations, demanding further geographic extension. SME crediting among
federal banks came to its geographic peak in 2006, when the top-ten increased
their branches with SME services by 551. In 2007 another 252 branches were
open, but altogether the deceleration of the branches growth was insignificant
- new players were quick to catch up with the situation. The close proximity of
SME credits turned out to be the new market paradigm.
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