COVID‐19, corporate non-performing loans, and corporate lending dynamics: Evidence from Russian regions
DOI:
https://doi.org/10.22394/1993-7601-2024-76-5-28Аннотация
The COVID‐19 pandemic had a highly negative impact on the corporate sector across many economies. This study examines the relationship between the spread of the COVID‐19 virus, the quality of corporate loan portfolios, and the volume of corporate loans in Russian regions. Using cross-regional variation in the number of COVID‐19 cases in Russia from April 2020 to February 2022, we document lower corporate loan portfolio quality among banks operating in regions with higher COVID‐19 rates, as well as an inverse relationship between corporate non-performing loans and the volume of corporate loans issued by Russian banks. We conclude that Russian banks adjusted their credit policy, observing a decrease in the quality of corporate loan portfolios. We also quantitatively analyze specific business support measures introduced in Russian regions during the COVID‐19 crisis.Организации
I thank my research supervisor, Maria Semenova (HSE), for her patient instruction and passionate support. I would also like to thank Anatoly Peresetsky and Alexander Slastnikov for helpful discussions and comments. The paper was prepared within the framework of the Basic Research Program at the National Research University Higher School of Economics (HSE University).Скачивания
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