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    5. Novikombank spoke about financial instruments that stimulate the economy

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    Novikombank spoke about financial instruments that stimulate the economy

    Novikombank took part in the plenary session “The Future of the Banking Market: Development without Overheating,” which became the key event of the Expert RA banking forum.

    Senior Vice President of Novikombank Anna Lavrentyeva

    Senior Vice President of Novikombank Anna Lavrentyeva

    The forum, organized by the Expert RA rating agency, brought together financial market professionals – representatives of relevant ministries, the Bank of Russia, major credit institutions, and businesses.

    During the discussion, Senior Vice President of Novikombank Anna Lavrentyeva, answering a question about the drivers and limitations of the banking market, noted that, in fact, all financial instruments, including classic ones, remain relevant, only formats and sales channels change. According to the bank's expert, an important factor influencing the availability of financial resources for the real sector of the economy is the own programs of credit institutions. Novikombank has several such offers, including special programs for SMEs working in partnership with industrial enterprises, as well as socially oriented programs for enterprise employees.

    Anna Lavrentieva noted that an integral part of every classic financial instrument is consulting and navigating clients, including on issues of financial literacy. At the end of her speech, the speaker noted that today new financial instruments have entered the market, one of which is digital financial assets (DFAs). Novikombank is actively involved in this work. Two transactions were successfully completed to organize the release of digital data for industrial enterprises, including the first release on the market for a defense enterprise. Russia is one of the first countries that, back in 2020, formed appropriate legislative regulation in this area, which gave impetus to its development.

    The event participants also discussed additional measures of state support for the banking sector. According to Novikombank, the most relevant measures of incentive regulation are those that do not require direct investments from the budget, but at the same time purposefully generate impulses to support priority projects for the state, including technological sovereignty projects. As points of growth for this regulatory instrument, Anna Lavrentieva identified the simplification of procedures for confirming the “Russianness” of products, the integration of incentive taxonomy regulation into existing state support measures, and the expansion of the practice of using guarantees from development institutions.

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