Financial Markets: Increasing Complexity, Maintaining Stability

3–5 July 2019, ST. PETERSBURG

    Head of VTB Bank Expects Positive Change in Lending

    This year we can expect growth in lending, which will be driven by consumer loans, said VTB President Andrey Kostin in his speech at the International Financial Congress.

    “We expect positive development in terms of lending growth. Due to the fact that the Bank of Russia cuts the key rate, the sector is being put in order, the economy looks stable. Macroeconomic prerequisites have been created,” Kostin said.

    According to him, growth will be driven by consumer lending, including mortgages.