Bank investments in the economy of Bashkortostan exceeds amount of raised funds by 233 billion rubles

Elvira Latypova

The banking sector in the first quarter increased surplus between the invested assets and raised funds in Bashkortostan by 53 percent, compared to the comparable index of 2013 - up to 233 billion rubles. It is reported by the National Bank RB. Positive balance reflects the excess of investments in the region's economy over the volumes of funds raised here.

Aggregate balanced bank assets in the republic grew by 6.2 percent for the same period and amounted to 27.2 billion rubles.

In the first quarter, the number of banking subdivisions in Bashkortostan decreased by 16 units and made 1549 service points. In early April 97 credit institutions operated in the territory of the republic, including nine republican banks. In the first quarter two credit institutions left the market, including regional JSC "My Bank. Mortgage", which lost its licence to conduct banking operations.

#bank #funds #investment

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