NorthCaucasian Bank provides 40 billion rubles of credits in first half of 2011

More than 39 billion rubles of credit resources were provided by the North Caucasian Bank of Sberbank of Russia in the first half of 2011 to companies of the region. More than 12.5 billion rubles of them were to small businesses, RIA Dagestan reported.

The loan portfolio of small businesses has grown 17% compared to the end of 2010. Now it surpasses 24 billion rubles.

About 39% of the bank's loans were to legal entities.