Loans to businesses increased by 26% in Bashkiria in January - September

Experts stress that the increased demand for working capital reflects an increase in production activity in the real sector of the economy.

The loans for nine months amounted to 372.9 billion rubles, according to the National Bank of Bashkiria. This is 26% more than the volume of loans issued during the same period in 2020. In the country, the volume of business loans increased by 17%.

In total, in Bashkiria, the volume of loans issued to businesses and individuals as of October 1 reached 768.3 billion rubles - 34% more than in the nine months of 2020. According to this indicator, the republic ranks second in the Volga Federal District and 11th in Russia.

According to the Bashkortostan Statistics Agency, the balanced financial result of organizations of the republic for eight months of this year increased by 2.5 times compared to the same period last year.