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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

... 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,... ... arbitration court will consider this claim on March 21, 2023. In 2022, a representative of the bank tried several times to initiate bankruptcy proceedings against the former manager. It didn't work out in the spring. At that time, a moratorium established by ...

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

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

... 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 ... ... third of them are reissued, and unpaid interest is transferred to the body of the new loan. Thus, Russians find themselves in a debt spiral. The Central Bank proposes to make a limit on the number of simultaneously valid contracts – 1 loan to maturity. Also,...

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