According to the results of the first and second wave of the implementation of the preferential loan program for tourism infrastructure approved by the Russian government, Sberbank is financing 21 hotel projects with a total credit limit of 43 billion rubles. This was reported by the Sber press service.
The company noted that within the scope of the third wave, the acceptance of applications ended in February, the Ministry of Economic Development approved 67 more projects worth 187 billion rubles, taking into account participation in the syndication transaction offered by the bank.
The program is implemented within the scope of the “Tourism and Hotel Management Industry” national project.
Preferential loans are provided for the construction or reconstruction of hotels and multifunctional centers, which stimulates the development of the entire tourism industry in Russia. Currently, the volume of Sber’s loan portfolio exceeds 125 billion rubles, which is 20% more than a year ago.
Taking into account the timing of hotel construction and the rate of use of loan funds by investors, Sberbank predicts that the company’s loan portfolio will grow further under the state program.
Previously reportedHe said that a new method will emerge to check into hotels in Russia. The Council of Ministers adopted a decision on entering hotels using biometrics.