Household borrowing behavior in Russia
Article Abstract:
The trends in household debts in Russia are examined based on the statistics on lending to individuals during 2001 to 2003. It is observed that the household debts in the country are rising. An analysis reveals that the borrowed funds are utilized for purchasing real estate, durable goods, etc. However, Russians still refrain from availing consumer loans from the banks. The stringent terms accompanying the loan documents like guarantees, legal income proof etc. are also discussed.
Publication Name: Problems of Economic Transition
Subject: Economics
ISSN: 1061-1991
Year: 2005
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Borrowing by Russian businesses
Article Abstract:
Small and medium sized companies in Russia face financial hiccups now and then as commercial banks are unwilling to lend them the requisite finance because of overestimation of risks. Even if the banks come forward with finance, the interest rates are generally prohibitively high. On the other hand, commercial banks in Russia are more open to lending monies to large companies in the country on terms that are mutually acceptable.
Publication Name: Problems of Economic Transition
Subject: Economics
ISSN: 1061-1991
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Prudential oversight and bank deposit insurance in Azerbaijan
Article Abstract:
The evolution of banking sector in Azerbaijan is discussed. The bank deposits across the world are protected through insurance of deposits at the time of formation of the banks. However, Azerbaijan is yet to establish the deposit guarantee system like the other nations. Consequently, the failure to secure the depositors interests could result in financial destabilization in the country.
Publication Name: Problems of Economic Transition
Subject: Economics
ISSN: 1061-1991
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
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