Import volume in Russia grew by 28%

Import of goods to Russia in the first quarter of this year, growing with each passing month more and more. In January, an increase of 8% in February - 14% in March - 28%. About this today said the chairman of the Central Bank Sergey Ignatiev at a congress of the ARB. "Key factors such dynamics imports - is to resume economic growth and substantial appreciation of the ruble after the completion of its devaluation," - said Ignatieff. In this case, the Bank of Russia is in no hurry to change the outlook for growth in total loan portfolio of Russian banks. According to the regulator, it will be 15%. "I see no obstacles to the growth of loan portfolio: enough liquidity, capital adequacy as of March 1 totaled 20.5%, the problem of bad debts is gradually disappearing," - said Ignatieff. At the same time the growth of bank loans in March to 1.5% can not be called a fracture in the area of ??credit, he acknowledged. "In March, without the Savings Bank's loan portfolio of banks increased slightly - by 1.5%, but it's hard to say, this is a coincidence or a reversal," - said Ignatieff. Recall that last year the situation in bank lending has deteriorated dramatically. If in 2008 the loan portfolio to legal entities grew by 34% in 2009 grew by a paltry 0.3%, natural persons - has decreased by 11% compared to growth of 35% a year earlier. The reasons are clear, increasing requirements for borrowers and falling demand for loans. Note that now the banks are actively increasing their investments in securities, stocks, bonds, etc. Since these assets are more liquid, they can sell at any time, give a pledge, etc. Growth in imports suggests that a revival of Russia's real economy can be forgotten. Import substitution does not occur. This suggests that Russian manufacturers are insolvent. Who will give them credit?