The Chairman of the Bank of Russia Elvira Nabiullina issued a warning to banks that they thought more about their own profits, but about the normalization of the situation on the market. According to her, the regulator works with banks that they were going to meet their clients in loan restructuring, and did not reduce lending in a crisis situation due to the pandemic coronavirus COVID-19. The sharp regulator followed appeared the information that the alpha Bank from the beginning of April has suspended the issuance of mortgage loans to employees of companies that are involved in the industries most affected by the pandemic.”The Bank of Russia adopted regulatory relief, the priority of which is to support people and companies to enable them to better survive the period of restrictive measures. If we see that banks do not share this position, we will respond, including through regulation”,— quotes the words of Mrs. Nabiullina, the press service of the Central Bank.According to her, regulatory concessions were introduced in order to protect Bank profits, and to support lending to mitigate the impact for people and business from the epidemic. “If the banks have our support not on purpose, we are ready to review their approach,”— said the Chairman of the Bank of Russia.Alfa-Bank has temporarily limited the number of loans, including mortgages, to borrowers who operate in most affected by the pandemic coronavirus COVID-19 industries. His decision at the Bank explained to protect clients from possible risks. Restrictions on employees of the tourism, hotel and restaurant business.Read more about the decision of alpha Bank — in the material “Kommersant” “Victims without a mortgage”.Maxim Builov, Paul Krugosvetnoe news of the coronavirus in Rosiekitty next
Central Bank requires banks to curtail lending
561
Weekly Top
Latest News & Headlines
Texas Republicans Push for Voter Citizenship Proof: Lessons from Arizona
Texas Republicans Push for Voter Citizenship Proof: Lessons from ArizonaTexas Republicans are spearheading a significant effort to pass legislation mandating that Texans provide proof...