Concerning the need to implement the program of banking-state partnership in the credit-investment sphere

Abstract

The article analyzes the key problems of Russian economy development at today’s stage. It is pointed out that the most important way to resolve these problems is the general development of credit-investment activity of business entities. Advantages of banking credits in comparison with other sources of financing investment in economy were demonstrated. The article shows that due to certain reasons banks are not ready to increase the volume of their credit portfolio on key industries, which include manufacturing industry and agriculture. The authors put forward the approach to organization of real sector enterprises’ financing, which is based of cooperation between banks and state institutions of development. Taking into account the fact that manufacturing and agricultural companies usually need big credits for long periods of time with relatively low interest rate (because of limited profitability of such industries) the approach based on banking-state financing is rather promising. Besides, it envisages catering for interests of all three parties of the deal: the enterprise, the bank and state. Principles ideas of the banking-state partnership were formulated as a promising alternative for bank credits, which on the one hand can promote the development of Russian economy and, on the other hand can improve finance results of credit organizations’ functioning.