Russian Banks Invest $960M In Chelyabinsk Region In 2001

The total volume of credits allocated by commercial banks to the real economic sector of the Chelyabinsk region was $960m in 2001, the regional administration reported. The credits were granted in line with four cooperation agreements made between banks and the regional government. The bulk of the credits given to individuals and legal entities came from Sberbank, the Russian savings bank: 90.8% of ruble credits and 100% of dollar credits. Sberbank also accounts for most of the customers: 27,000 accounts, among those 734 are accounts of budget-funded organizations, according to the administration of the Chelyabinsk Region.

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