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Tuesday, November 24, 2020

at the moment, do not see the problems in the mortgage market


Photo: Sergey Lentyugov/NEWS.EN

The Bank of Russia is closely watching the markets, mortgage and unsecured consumer lending, at the moment does not observe any problems in these areas. This statement was made by the head of the Central Bank Elvira Nabiullina.


Now, at the moment, we do not see these problems, but needs to look very carefully at several indicators— she said.

In an interview with TV channel “Russia 24” on the forum VTB Capital “Russia calling!” she saidthat not only in Russia but in other countries this market is “fraught with risk, that is, financial stability, the “mortgage bubble” and so on”. According to her, the Central Bank took action to have arisen in the mortgage market there are systemic problems.

Nabiullina said that, in particular, we are talking about the growth of house prices and the incomes of Russians. She also added that the mortgage market in Russia, in its opinion, has potential for further growth.






Earlier NEWS.ru wrote that a bill to expand the list of documents for easy identification upon receipt of financial services submitted to the government. The Ministry expects that the initiative will be submitted to the state Duma in late 2020 or early 2021.

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