The Russian economy managed to escape a sharp credit crunch last year thanks to the support measures taken by the Central Bank and the Russian government. In this respect he is writing Vedomosti newspaper cites Maria Lymar and Genrikh Penikas, economists of the Research and Forecasting Department of the Central Bank.
In a report on the impact of anti-crisis measures, economists noted that without the support of the regulator and the Cabinet of Ministers, loans in the country could have fallen by 8 trillion rubles. This amount corresponds to 10.4% of the volume of the banking portfolio of Russian credit institutions at the end of 2022. The document shows that a significant credit crunch among Russian banks could lead to unpredictable domino effects in the economy.
The measures of the Bank of Russia in 2022 provided an additional loan of 4.3 trillion rubles, and the efforts of the government – 2 trillion rubles. Economists write that another 1.7 trillion rubles come from the synergistic effect of regulatory and Cabinet measures. Lymar and Penikas concluded that the decisions taken helped offset the consequences of the sanctions.
A year ago the Central Bank and the government introduced a number of anti-crisis measures, including credit holidays for the public, relaxations for banks (for example, changes in the level of qualification standards) and programs to support lending. small and medium-sized businesses, systemically important businesses and new government mortgage programs.
the central bank accepted The 2022 crisis is the most difficult of the three major crisis periods experienced in Russia in recent years (the first two were 2014-2015 and 2020).
Previously Nabiullina in the name Precautions are being taken against the crisis with a drug that has side effects.