Small businesses lost 2.8 trillion rubles

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Small businesses lost 2.8 trillion rubles in turnover in 2020, according to a study by the National Rating Agency (NRA) on SMEs (Izvestia has it). At the same time, the business suffered the greatest losses in the lll quarter, already after the lifting of the restrictive measures introduced due to the coronavirus. The indicators for this period are due to a decrease in household income and worsening expectations for the duration of the pandemic.

Small businesses in tourism, catering, hospitality and real estate have been hit hardest over the past year. As financial support from the state ceased, SMEs began to take out more loans. So for 10 months of 2020, the number of issued loans increased by 80% compared to the same period of 2019.

The growth of lending to SMEs was confirmed by banks from the top 30. In PSB, their loan portfolio increased by 67% during this time, mainly due to concessional loans to businesses, which were issued for more than 52 billion rubles, the press service of the financial institution reported. Bank Saint Petersburg spoke about a twofold increase in lending under special programs and an increase in the number of issued loans by 30%.

Read more in the exclusive material of Izvestia:

Wrong turnover: small businesses lost 2.8 trillion rubles in 2020

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