BANDITACCIA: SIGNS OF RECESSION
The weak positive dynamics of the corporate loan portfolio in 2018 (0.5% growth per month) is explained, on the one hand, by the low demand of many medium, small and small businesses for credit resources due to their high cost, on the other-by the priorities of commercial banks that prefer to lend to large companies. Under these conditions, the importance of alternative sources offinancing for long-term needs of companies, the most important of which is the corporate bond market, increases. Its development will reduce the cost of borrowing for real sector enterprises, primarily for enterprises 2 and 3 echelons, attract "long money" to the economy, and relieve the banking sector of the burden of lending to the largest Russian corporations. However, in the first half of 2018, due to the deterioration of market conditions, market activity in bonds of corporate issuers decreased significantly. The article proposes measures for further development of the corporate bond market, overcoming its recession and realization of investment potential.