Banks fear deterioration of SME loans due to taxes and rates
Russian financial institutions are waiting for a deterioration in the quality of loans to small and medium-sized businesses (SMEs): 63% of them predict an increase in problems in this segment, follows from a survey by B1 of heads of specialized departments of 39 banks with 94% of the sector’s assets (Vedomosti has the results). The main threat to SME borrowers is not the key rate, but the increased tax burden.
Russian financial institutions are waiting for a deterioration in the quality of loans to small and medium-sized businesses (SMEs): 63% of them predict an increase in problems in this segment, follows from a survey by B1 of heads of specialized departments of 39 banks with 94% of the sector’s assets (Vedomosti has the results). The main threat to SME borrowers is not the key rate, but the increased tax burden.
