Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Loan Rates Could Be Forced To Go Down
27.09.2013 07:44
Loan Rates Could Be Forced To Go Down
Photo Credit:

The Russian authorities are looking to cut loan rates amid a consumer credit boom in an attempt to avert possible collapses, says Kommersant.

      According to a joint decision by the Finance Ministry and the Central Bank of Russia, banks would not be allowed to impose rate that are higher than 30 percent above tha market average, the daily quotes anonymous sources as saying.

      The agencies, however, have not agreed on the character of the penalty in case of the required limit is exceeded. 

Author: Mikhail Vesely

Tags: Finance Ministry Central Bank of Russia    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

health  Musicals in Moscow  Mercedes-Benz Fashion Week Russia  Opposition  Fairs in Moscow  Old Moscow  medicine  FIFA Fan Fest  Yelaghin Park  A5 Group  Food Festivals  Russian Cinema  Exhibitions in Moscow  Russian-Georgian relations  reserve  Krasnodar region  Parks in Moscow  pliosaur  Victory Day  Awards  Pushking Fine Arts Museum  Russian scientists  Russian trade  Russian-Ukrainian relations  Moscow  Russian tourism  Russian business  St. Petersburg Parks   Gelendzhik  Russian science  Sports  India and Russia  Starotobolsky Highway  Book Tickets for Ballet  Crimean referendum  Vesyegonsk  human rights in Russia  Industrial growth  Blockade  Russian economy  tour  Kaluga  tips for travellers  St. Petersburg  JAZZ style August  Moscow Region  Moscow Museums  Cosmoscow Art Festival  terrorism  Voronezh  

Travel Blogs
Top Traveling Sites