The growth of banks' loan portfolio of the Russian Federation to slow to 10% in 2009, said the president - chairman of board VTB 24 (RTS: GUTB) Mikhail Zadornov at a press conference Tuesday. "We are waiting for a difficult year, the loan portfolio will grow by no more than 10% in nominal value," - he said. M. Zadornov noted that VTB 24 plans to grow faster than the market. His loan portfolio for individuals to grow by 20%, more than 20% increase in deposit base. The banker explained that the main factors influencing the slowdown in lending, is the fall in demand from the population, as well as stricter requirements for borrowers. Also, he words can not be sustained this state of affairs when the loan portfolio is much larger than the population's deposits. "This year, the loan portfolio of natural persons increased by 40%, deposits up 14% on average in the market" - he said.
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