It is well known that the credit system of Western countries is an older one, that is, it developed much longer, and was invented there, while in Russia it was just borrowed. However, this is the cheapness of loans, for example, Europe, is not explained. This is due to the fact that Russian loans are simply more expensive due to the inept management of an economic strategy. Statistics are not silent
According to an agency analyzing financial statistics called Statbanker, European loans are less than the same loans in Russia as many as 4 times! Horrifying numbers, given that this figure speaks of both consumer loans and loans for corporations. Despite the fact that the authorities in Russia are ranting about the development of our financial system, we still greatly behind in this regard. Thus, the slings on which the Russian economy hangs is not so strong and it is quite possible that they cannot withstand all corruption pressure.
On what such data are based and whether it can be compared
Many Russian experts believe that a comparison of credit rates of various countries “in the forehead” is not entirely correct. To do this, you also need to take into account inflation processes, which in the West are also lower than in our. High inflation in Russia significantly affects the refinancing rate of the Central Bank. The monstrous difference in credit policy can be significantly lower, given the inflation, many experts believe.
What else needs to be taken into account when withdrawing such numbers
In addition to the fact that there is a significant difference in inflation, there is also such a difference between European countries and Russia as the reliability of projects that directly attract a loan, as well as from how favorable the entrepreneurial climate is. The rates, according to the economic specialist Cherepanov, will not be able to be in Russia lower than in Europe until the risk of assets can be selected due to inflation. However, not only banks themselves should do this, but also close cooperation should produce both the government and the entrepreneurs themselves. Only by common efforts the economy of our country can become strong enough for one day we can boast of low consumer loans rates. Otherwise, corrupt officials will continue to keep the economy of our country in complete ruin. Construction is one of the most developing industries today in our country. The construction sites go without stopping, in every city of the country and it is the profession of the builder that is the most popular. In order to protect himself from injuries, each builder should not forget what slings are, about to work at the height.