the Central Bank recommended to continue to restructure the loans of such citizens through the banking programs, as well as do not assign fines and penalties on restructured borrowings (the same recommendation is made in relation to SMEs). This measure will help borrowers to restore their solvency in conditions when October 1 and will stop accepting applications on suspension of payments under the law on credit holidays (mortgage borrowers will be able to suspend payments according to the law on mortgage holidays). Banks usually offer several options for the terms of the restructuring.
the Bank of Russia recommended to the creditors until the end of the year not to foreclose on the pledged housing and to suspend the forced eviction of the debtors property, in which recovery was paid previously. All this also applies to citizens who can document the loss of income or the fact that they had coronavirus infection.
at the same time, the Bank of Russia took the additional burden on the banks ‘ capital which would arise if the debt restructuring.
Decrease the overhead for risk coefficients on consumer credits which will be issued by 1 September. “This will help maintain a sustainable rate of credit growth and credit availability to the citizens,” notes the Bank of Russia.
has been Extended until 31 December the authorization to customer service, which from 1 February to 15 July expired passport.
the Central Bank cancels bonuses to risk weights issued on August 31, 2019 consumer credits, it is equivalent to the increase in banks ‘ capital 168 billion rubles and will help to preserve lending capacity. Until December 31, 2020, as part of and prior to 1 April 2021 extended a number of measures to support Bank lending to the economy.
however, the Bank of Russia decided not to renew for the period after October 1, limits on the size of the acquiring fee for online purchases of food and eating, medicines, other medical goods, clothing, consumer goods, and for payment of medical services. Insisted banks, and retail, on the contrary, asked to extend this limit. Commission APR cannot exceed 1% (in average market rates ranging from 1.2 to 2.2% depending on the type of card or product category). “This measure was appropriate at the beginning of the pandemic and contributed to a substantial increase in online trade, but a balance must be struck between the interests of banks and enterprises for trade, – notes the Bank of Russia. – In terms of long commissions, the banks are forced to raise other fees or to provide less convenient for consumer products. In addition, limit the size of the acquiring fee by reducing the costs of the receiving Bank kaRT reduces the interest of trade and service enterprises in the implementation of the payment using the faster payments System”.
Not extended a number of concessions that were relevant in conditions of isolation and the partial suspension of banking offices. It concerns banks ‘ ability to remotely access accounts and deposits due to customers, including SMEs, as well as permission to enroll pension payments on any cards, not just the card “the World”. These measures will terminate, as planned, on September 30.
