The Central Bank does not plan to change the regulation on preferential lending for privatization
MOSCOW, April 17 – RIA Novosti. Speaking in the State Duma, the head of the regulator, Elvira Nabiullina, said that it is unlikely that the Bank of Russia will change the regulation so that banks issue soft loans for the privatization of state municipal property.
Answering the question of whether there is a program, Nabiullina said, “Preferential loans only when purchased … it is very unlikely that banks will issue, and it is unlikely that we will change the regulation here, because the important thing is … that the loans are returned.” cheap long-term loans will be created for the purchase of state municipal property.
The head of the Central Bank announced that when deciding whether to give a loan for the acquisition to a company that wants to buy such a business, the bank will evaluate not only the willingness to buy, but also the solvency of the company. . He added that it is important for banks how this business is, what the cash flow is and how much the loan will return.
At the same time, Nabiullina agreed on the transfer of unused or inefficiently used property into private hands.
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Source: Ria
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