Date: 2 weeks ago   Category: Finance

The Central Bank changes requirements to reserves on loans of IFI — Rambler News Service


Microfinance institutions (IFIs) will be obliged to form reserves by all types of the loans issued by them, at the same time the size of a reserve can exceed the established minimum values, follows from the draft of the instruction of the Central Bank. "The corresponding draft of the instruction is developed by the Bank of Russia for rapprochement of approaches to formation of reserves with requirements of the industry standard of accounting", - reported in the press service of the regulator. As explained in the press service of the Bank of Russia, "the lowered minimum rates of reservation on the loans issued to representatives of small and medium business and provided with the state or municipal guarantee within support of small and average business, in particular, are provided in the draft of the instruction". "The project established cases at which the minimum rate of reservation increases not less than by 10 items from minimum established rates (cancellation of the license of the borrower, the borrower's exception of the register, achievement of duration of back payments of 180 days in total within a year, acquisition of earlier conceded loan agreement) and also cases at which approach the minimum rate of reservation will make 99% (lack of the documents confirming the fact of signing of the contract of a loan or the fact of acquisition of requirements for the loan agreement, recognition of the borrower by insolvent (bankrupt), application concerning the borrower of procedures of bankruptcy or finding of the borrower – the legal entity in an elimination stage)", - said in the Central Bank. The Bank of Russia added that "the draft of the instruction also establishes types of pledges which cannot be considered as providing, and events at which approach providing cannot be considered when forming reserves on loans, besides, the concept "high-quality pledge" which is understood as pledge which cost is more than the sum of a loan is entered or it is equal to it". The press service of the regulator noted that the preferential rate of reservation on a mortgage is provided in the draft of the instruction in case the sum of debt does not exceed 70% of the estimated cost of real estate, by analogy with banks. The instruction has to come into force in half a year after its official publication.

URL:

Photo: The Ministry of Defence of Russian Federation/RIA Novosti the Pilotless Poseidon submersible will appear on arms of Russia not earlier than 2027, reports the American TV channel CNBC with reference to the sources familiar with the report of investigation. The channel notes that the USA has no similar weapon. "We deal with the Russian submari...


Across all Russia of intelligent metering devices of gas 385 billion rubles can make costs of installation and installation, the Izvestia newspaper with reference to the Ministry of Energy of the Russian Federation reports. Department sent to the government the letter in which the position of the Ministry of Energy on introduction of intellectual s...


The House of Representatives of the U. S. Congress approved the bill which provides assistance to the countries of Central and Eastern Europe in diversification of sources of energy supplies, is reported on the website of the House of Representatives. 391 congressmen voted pro, 24 congressmen contra spoke. In the text of the bill it is claimed that...


Photo: The Irish fighter of the mixed style Conor McGregor on the Twitter declared Global Look Press via ZUMA Press career ending in MMA. "Hi, children, announcement: today I decided to leave the sport officially known as "The mixed martial arts" (Mixed Martial Arts, MMA). I wish all my old colleagues success in competitions" — McGregor wrote. Cono...


Photo: globallookpress.com/Petro Poroshenko the President of Ukraine Petro Poroshenko files a lawsuit against Ukrainian TV channel "1 1" which belongs to the businessman Igor Kolomoysky. It is said in the statement of the chairman of parliamentary fraction "Petro Poroshenko Bloc" Artur Gerasimov published on the website of the headquarters of Poros...


Photo: Alexander Shcherbak / TASS the Net profit of media division of Gazprombank in which assets of Gazprom media media holding are consolidated was 2.2 billion rubles against a loss in 3.4 billion rubles the previous year, it is noted in the annual reporting of bank under IFRS. The revenue of media division of bank was 95.4 billion rubles against...