Photo: Andrey Lyubimov / RBC
Russian banks will not be temporarily limited in what rates to offer on loans to the population, follows from the message of the Bank of Russia. The Central Bank has suspended the regulation of the full cost of loans until June 30, 2022 – now, according to the law, the maximum rates for various types of loans for individual clients cannot exceed the percentage level set by the regulator every quarter by more than a third.
The decision of the Central Bank will come into force from the moment of publication of the normative act. At the same time, the Bank of Russia indicated that macroprudential risk ratios for new unsecured and mortgage loans will continue to apply to lenders – these premiums are designed to put pressure on banks’ capital and reduce their interest in working with over-indebted borrowers.
The Bank of Russia also announced relaxations for banks in terms of meeting mandatory liquidity ratios and introduced preferential conditions for brokers and insurance companies.
The material is being added.