The problem of lending to agricultural enterprises in the context of the COVID-19 pandemic
The main obstacle to the implementation of lending to agricultural enterprises is the high cost of credit. In our opinion, an adequate state agricultural policy should increase the interest of commercial banks in providing loans. In our opinion, it should be aimed at increasing the availability of b...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2021-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/58/e3sconf_efsc2021_06003.pdf |
| _version_ | 1829491562339368960 |
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| author | Yekimov Sergey Guzhina Galina Lukyanov Pavel Bespalova Olga Kucherenko Dmitriy |
| author_facet | Yekimov Sergey Guzhina Galina Lukyanov Pavel Bespalova Olga Kucherenko Dmitriy |
| author_sort | Yekimov Sergey |
| collection | DOAJ |
| description | The main obstacle to the implementation of lending to agricultural enterprises is the high cost of credit. In our opinion, an adequate state agricultural policy should increase the interest of commercial banks in providing loans. In our opinion, it should be aimed at increasing the availability of bank loans for agricultural enterprises. For this purpose, it is advisable to partially compensate the payment of bank interest by agricultural enterprises. In the world practice in the banking sector, negative rates of return on deposits have found application. Commercial banks are able to borrow money at a discount rate. At the moment, there is a practice according to which the Central Bank has only one discount rate. In our opinion, there could be several discount rates at the same time. We hold the view that depending on the purposes to which the commercial bank directs the funds received from the Central Bank, the size of the Central Bank’s discount rate may be different and even have a negative value. We believe that the negative discount rate applied by the central bank for lending to commercial banks to continue providing loans for the purchase of agricultural machinery could encourage them to issue loans to agricultural enterprises. In our opinion, the use of a negative discount rate of the Central Bank in some cases may contribute to the realization of the bank’s credit potential and enhance its lending activities. |
| first_indexed | 2024-12-15T00:40:23Z |
| format | Article |
| id | doaj.art-34dd934d356e422e9f80c0f409d182a3 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-12-15T00:40:23Z |
| publishDate | 2021-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-34dd934d356e422e9f80c0f409d182a32022-12-21T22:41:40ZengEDP SciencesE3S Web of Conferences2267-12422021-01-012820600310.1051/e3sconf/202128206003e3sconf_efsc2021_06003The problem of lending to agricultural enterprises in the context of the COVID-19 pandemicYekimov Sergey0Guzhina Galina1Lukyanov Pavel2Bespalova Olga3Kucherenko Dmitriy4Publishing House “Education and Science” s.r.o.State University of Humanities and TechnologyFinancial University under the Government of the Russian FederationBryansk State University named after academician I.G. PetrovskiyKuban State Agrarian UniversityThe main obstacle to the implementation of lending to agricultural enterprises is the high cost of credit. In our opinion, an adequate state agricultural policy should increase the interest of commercial banks in providing loans. In our opinion, it should be aimed at increasing the availability of bank loans for agricultural enterprises. For this purpose, it is advisable to partially compensate the payment of bank interest by agricultural enterprises. In the world practice in the banking sector, negative rates of return on deposits have found application. Commercial banks are able to borrow money at a discount rate. At the moment, there is a practice according to which the Central Bank has only one discount rate. In our opinion, there could be several discount rates at the same time. We hold the view that depending on the purposes to which the commercial bank directs the funds received from the Central Bank, the size of the Central Bank’s discount rate may be different and even have a negative value. We believe that the negative discount rate applied by the central bank for lending to commercial banks to continue providing loans for the purchase of agricultural machinery could encourage them to issue loans to agricultural enterprises. In our opinion, the use of a negative discount rate of the Central Bank in some cases may contribute to the realization of the bank’s credit potential and enhance its lending activities.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/58/e3sconf_efsc2021_06003.pdf |
| spellingShingle | Yekimov Sergey Guzhina Galina Lukyanov Pavel Bespalova Olga Kucherenko Dmitriy The problem of lending to agricultural enterprises in the context of the COVID-19 pandemic E3S Web of Conferences |
| title | The problem of lending to agricultural enterprises in the context of the COVID-19 pandemic |
| title_full | The problem of lending to agricultural enterprises in the context of the COVID-19 pandemic |
| title_fullStr | The problem of lending to agricultural enterprises in the context of the COVID-19 pandemic |
| title_full_unstemmed | The problem of lending to agricultural enterprises in the context of the COVID-19 pandemic |
| title_short | The problem of lending to agricultural enterprises in the context of the COVID-19 pandemic |
| title_sort | problem of lending to agricultural enterprises in the context of the covid 19 pandemic |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/58/e3sconf_efsc2021_06003.pdf |
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