“It’s a myth that small business lending is the riskiest.”
Despite the obvious importance of developing small businesses in Russia, domestic banks only began to actively lend to this sector of the economy only last year. So far, the volume of loans issued to small businesses is only $6-7 billion, while the market requires several times more. However, according to Sergei SUCHKOV, member of the board of Vneshtorgbank 24, there is a real boom in small business lending ahead.