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The proverb “small spool, yes expensive” is beginning to take on more and more meaning. The production of small money is starting to cost the world so dearly that economically…

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Ten Great Ways to Save
We are all in search of how to save money, but we often do not pay attention to the facts of how we thoughtlessly “lower” the tidy sums of money…

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Ten Great Ways to Save
We are all in search of how to save money, but we often do not pay attention to the facts of how we thoughtlessly “lower” the tidy sums of money…

Continue reading →

same time

It’s time to hold the horses on the lending market

The Ministry of Finance and the Central Bank of the Russian Federation consider it necessary to contain the rapid growth of consumer lending. The financial department, according to Deputy Minister Alexei Moiseev, supports the regulator’s proposals to tighten requirements for banks. Earlier in September, the Central Bank raised the interest rate from 8 to 8.25%, and a new increase may occur in November.

In turn, the Ministry of Economic Development believes that the increase in interest rates and the tightening the provision of funds to the economy by the monetary policy of the Central Bank significantly inhibits growth.

Since the beginning of the year, the portfolio of retail loans in the whole banking system in Russia has grown by 29.3%. At the same time, the annual growth rate was already 40%. And the volume of corporate loans increased by only 10.1%.

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