The volume of mortgage loans in Russia for the first four months of this year rose more than 2-fold compared to the same period last year. This was stated today Bank of Russia Chairman Sergei Ignatiev, the International Banking Congress. But he noted that this figure is more than twice lower than in January-April 2008. "Credit Activity of Russian banks remains low, though in March or April there has been a definite increase in the loan portfolio. Banks, still, consider lending to the real sector as very risky, and prefer him to buy securities and the accumulation of liquidity," - stated the head of the Russian regulator. In addition, borrowers are too cautious and did not seek to increase their credit debt. Arrears on loans to non-financial organizations and individuals continues to grow: in April, its growth was approximately 3%, according to Ignatieff. "However, its volume in recent months, hovering around the level reached back to 1 December 2009", - said chairman of the Central Bank.
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