REGIONAL ASPECTS OF THE LENDING IN THE RUSSIAN FEDERATION

Abstract

It is difficult to overestimate the role of credit in the modern economy. The maximum efficiency of its use involves the formation of the model, which ensures the harmonization of interests of creditors and borrowers. Despite the development of the credit market and the availability of a wide range of credit instruments, as well as quite developed legislative framework, regulating the relationship of lender and borrower, there is an urgent need to assess the accessibility of credit resources for the economy of regions. On the one hand, general requirements and uniform standards (norms) have been introduced. On the other hand, still remain completely different capabilities and needs of each individual region. Effective solution to the problems and inconsistencies, identified in this paper, will make it possible to expand the range of approaches, aimed to stimulate credit activity in the regions and also to differentiate the requirements to local borrowers, taking into account specific features of functioning of the economy of a region.