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Finance and Credit
 

Lending in contemporary Russia

Vol. 28, Iss. 4, APRIL 2022

Received: 2 February 2022

Received in revised form: 16 February 2022

Accepted: 2 March 2022

Available online: 28 April 2022

Subject Heading: Banking

JEL Classification: E42, E50, E51, E59

Pages: 900–923

https://doi.org/10.24891/fc.28.4.900

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. This article deals with the issues of lending in modern-day Russia.
Objectives. The article aims to determine the limit of lending in modern-day Russia.
Methods. For the study, I used a systems approach based on the methods of statistical, neural network, and cluster analyses.
Results. The article reveals a consistently high increase in loans provided to individuals, including overdue debts, and a significant increase in weighted average interest rates on loans provided by credit institutions to individuals in rubles.
Conclusions and Relevance. The limit of lending in Russia at the level of consistently high growth in both loans and weighted average interest rates on loans to individuals, as well as the loss of the importance of government revenues, indicate the placement of federal loan bonds and the growth of international reserves as the main opportunity for financial development. The study expands the scope of knowledge and develops the competencies of the Government of the Russian Federation, as well as the scientific community focused on assessing the possibilities and opportunities of financial development.

Keywords: default, exchange-value of ruble, key interest rate, lending, international reserves, federal loan bond

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