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THE ISSUANCE OF CAR LOANS INCREASED BY 97.6%

In January-August of this year, the issuance of car loans in Russia increased by 97.6% compared to the same period last year and reached 1.6 trillion rubles. This was announced by the National Bureau of Credit Histories. In total, 1.1 million car loans were issued to Russians in January-August 2024. This ...

THE CENTRAL BANK: COMPANIES HAVE INCREASED DEMAND FOR LOANS

Last month, the demand for loans from legal entities increased, the banking sector portfolio grew by 1.8% in March, the Bank of Russia said. The central bank also clarified that loans were taken mainly by oil and gas, transport and construction organizations. One of the reasons ...

EX-HEAD OF JSC "PSB" WENT BANKRUPT WITH A DEBT OF 97 MILLION

....6 million rubles. The regulator revoked the bank's license in November 2014. Later, in 2015, the credit institution became bankrupt. Stepanov headed the PSB branch from June 2013 until the moment of loss of the license. In 2018, a verdict was passed ... ... liberty for 4.5 years and obliging him to pay a fine of 600 thousand. The investigation found that the bank's manager issued loans to legal entities that did not carry out any economic activity. As a result of such use of his official position by Stepanov,...

BANKS HAVE RAISED CREDIT CARD RATES

The largest Russian banks have increased their credit card rates. In a number of credit institutions, credit card rates have exceeded 50%. According to Rossiyskaya Gazeta, the increase in percentage points applies to new bank contracts. So, in VTB, the interest rate on the credit card reached 59.9% per annum. Promsvyazbank (PSB) raised the rate to 59%, and Gazprombank's premium credit card rate to 54.9%. Alfa-Bank increased the interest rate to 58.99% per annum in early 2025. And in Uralsib, the...

THE LITERACY TEST WAS PROPOSED TO BE MADE MANDATORY WHEN RECEIVING THE FIRST LOAN

... deputy to the head of the Central Bank, Elvira Nabiullina. According to Demin, the literacy test should include information about the actual amount of overpayments and the situation in the economy. In addition, it should contain data on the real risks of bankruptcy of a citizen. The deputy from the New People faction notes that the mandatory introduction of a financial literacy test when receiving the first loan should help reduce the number of impulsively taken loans. Also, such an innovation will help reduce the risks of falling into a debt trap.

A DRAFT LAW ON FREE LEGAL AID IN COURTS FOR PARTICIPANTS IN A SPECIAL MILITARY OPERATION WILL BE SUBMITTED TO THE DUMA

A bill providing for free legal assistance in courts for participants in a special military operation) will be submitted to the State Duma on November 1. We are talking about cases on termination of obligations to pay interest on loans and protection of inheritance rights. The author of the initiative, Deputy Speaker of the State Duma Boris Chernyshov, told TASS that the project should increase the level of legal support and protect the interests of veterans and participants ...

THE BEAC SUSPENDS THE ISSUANCE OF FAMILY MORTGAGES

Sberbank temporarily suspends registration for a preferential family mortgage deal from September 18. The decision was made due to the exhaustion of the cash limit. At the same time, customers who previously signed up for the deal will receive loans in the normal mode. As the press service of the Savings Bank told TASS, the credit institution continues to accept applications from citizens under the program. You can do this on the Domclick website. The record for family mortgage transactions ...

THE CENTRAL BANK PROPOSED TO CHANGE THE STRUCTURE OF THE MICROFINANCE MARKET

... faced by companies that finance, for example, entrepreneurs or provide installments. And they not only do not create risks, but also stimulate the supply of services and goods. "The main changes will affect the market of the most expensive consumer loans," the Central Bank said. Today, the regulator explains, a large volume of such consumer loans is provided at the highest possible interest rate, regardless of the "quality of the borrower." A third of them are reissued, and unpaid ...

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