Lawyer Daniil Kazin acted as an expert in an article entitled “Profit, balance … loan is the key” published by Vanderbilt Journal in September
Russian banks are still very cautious in their relations with corporate borrowers. The credit has tightened, and this applies to loan requirements as well. Real estate, equipment and cars are still the most liquid property, but discount rates run to 50-70 %: in the context of uncertainty it would be better to assume some preventive measures, than to kick oneself because of the maximum loyalty in the case of default of the borrower.
“Profit, Balance… Loan is the key!” Vanderbild № 9, september 2009 г.