So let us find out what is the corporate crediting and its influence on crediting system in the whole.
Bankers promise to renew mass crediting of corporate sector in the end of flowing and the beginning of next year. Renewal of corporate crediting is a complex problem which is necessary for solving not only to commercial banks, but the government, too.
Today it is already possible to say that the bank system has sufficient monetary resources for crediting renewal. It was felt by everything, and loan interest rates have started to decrease. However in many respects the keystone to success at renewal of corporate crediting is degree of problematical character of portfolio already saved up by bank. If the financial organization had complexities with repayment of old credits, it will give out new credits very carefully. As a result we have a situation when, on the one hand, “old” credits push banks to crediting activation, and on the other hand there are serious fears concerning possibility of origin of new problems and new defaults.
One more vital issue is the legislation. To make active corporate crediting, the banks should confirm a number of changes in the position regulating questions of forming of reserves under credit operations. Besides, possibilities of protection of the rights of creditors should be registered in the legislation. It is a lot of borrowers now don’t pay under credits or try to win time, detaining payments. Therefore to banks all is more difficult to find conciliatory proposals, including through mechanisms of judicial system. The problem of quality of a credit portfolio in many respects depends on concrete bank and from it developed what programs within last several years.
Today it is necessary to put a question more likely not about renewal of corporate crediting, but about when it leaves on volumes of pre-crisis level — 2007-2008. One of the factors which have caused the termination of crediting during crisis is low liquidity of bank system.
Already it is possible to say that this obstacle can be overcomed. The situation has obviously improved, banks had short-term resources. That fact that this money isn’t used for economy crediting, it is possible to explain the several reasons. The first is a general economic country situation and uncertain forecasts concerning production and trade growth.
Many companies during crisis stated falling of sales volumes, profitableness decrease. As consequence — the confidence of banks of their ability to meet payments and possibility to return loans has reeled. The second factor is a condition of domestic judicial system. Almost all banks have faced a problem of non-payments under credits. The enterprises, even having necessary means, in large quantities refused to liquidate debts and creditors could do nothing with it.
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