Lending growth of Russian economy slowing down to 1.3% in May

Lending growth of Russian economy slowing down to 1.3% in May Investments of banks in corporate debt securities increased by 1.4%MOSCOW, June 25. /TASS/. Lending growth of the Russian economy slowed down from 1.6% in April to 1.3% in May, the Central Bank said in its report. "Growth of lending for the economy somewhat slowed down in May - to 1.3% from 1.6% in April. This was mainly associated with the smaller growth of claims against organization - to 1.5% from 2% in April. Investments of banks in corporate debt securities increased by 1.4% (1.1% in April). The annual incremental growth rate of lending for the economy grew to 10% (9.3% in April)," the Central Bank said. The market players suggest discussing the need for separate regulation of stablecoins issue in Russia, the regulator added. 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