April 02, 2014 14:02
Nabiullina: CB to provide banks with more liquidity due to foreign financing problems (Part 2)
MOSCOW. April 2 (Interfax) - Russia's Central Bank will expand liquidity provided to Russian banks due to problems with foreign financing, Central Bank Chairman Elvira Nabiullina said at an Association of Russian Banks (ARB) congress.
"We understand the influence our decision could have on increasing rates. We are going forward with implementing a new tool that will allow [us] to refinance banks' secured investment loans for a longer term. This is alongside expanding experimentation and broadening loan refinancing for small and medium business," she said.
Political risks are significant now, and they will be particularly relevant if Russian banks and companies encounter limitations for refinancing on western markets, Nabiullina said, adding that this is also true if rating outlooks are reviewed and changed, or if the ratings themselves change. "This could negatively reflect on financial stability," she said.
"We in the Central Bank are now looking at how we can react to this, including from the standpoint of providing liquidity if need be," Nabiullina said.
(Our editorial staff can be reached at email@example.com)
March 02, 2015
NATO stoking conflict in Ukraine - Russia's NATO envoy
Situation getting back to normal - Donetsk republic
Donetsk republic reports 20 violations of truce on Sunday
Withdrawal observed but can't be verified - OSCE monitoring mission
Senior Russian diplomat slams UN human rights report on Ukraine
Kyiv not fulfilling Minsk accords except heavy arms pullout - Basurin
MOSCOW: NOT ALL ASSESSMENTS OF UKRAINE HUMAN RIGHTS SITUATION BY UN MONITORS OBJECTIVE
NATO hasn't sent military instructors to Ukraine yet - Grushko
Ruble declines on Monday on lower oil prices
Surgutneftegas leads Russian stock advance on Monday
ISIS crimes against Christians bear all hallmarks of genocide - Lavrov (Part 2)
Navalny appeal against decision to keep him under arrest on Nemtsov funeral day to be heard March 4
Russia not banning students from studying abroad- Livanov