Nabiullina Found It a Dead End to Further Extend Concessional Lending
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4 Articles
Russians need affordable housing, not just cheap mortgages, Elvira Nabiullina said in the State Duma. According to her, the benefits from soft loans were “eaten up” by the increase in apartment prices. It has become even more difficult for those who did not qualify for the programs to buy a home. The volume of soft loans in the economy has reached 19 trillion
The President of the Bank of Russia, Elvira Nabiullina, stated at the State Duma plenary meeting that further expansion of concessional lending programmes is a dead end. The regulator's management is opposed to increasing the number of such financial mechanisms, transmitting TASS. "In our view, going beyond the concessional lending programme is a dead end, and in terms of budget pressure, and because we want affordable market rates for all, not …
Further expansion of preferential credit programmes for enterprises could be a dead end for the Russian economy, which increases the budgetary burden and forces the Central Bank to maintain a high key rate for the rest of the borrowings, as announced by the President of the Bank of Russia, Elvira Nabiullina, at the State Duma plenary meeting.
In five years, the company's soft lending has grown dramatically, going beyond this program – a dead end, declared the head of the Bank of Russia, Elvira Nabiullin.
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