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 firstname.lastname@example.org)
February 09, 2016
Belarus's economy must be prepared for worst-case scenario - PM Kobyakov
Conflict over Nagorno-Karabakh should be settled peacefully, within OSCE Minsk Group framework - Swedish foreign minister
Sweden is sure of Eastern Partnership program's success - foreign minister
UN commission unlikely to decide on Russia's arctic shelf expansion bid in 2016 - Donskoy (Part 2)
Moscow welcomes outcomes of Fatah-Hamas contacts - Foreign Ministry
Mideast Quartet representatives hold consultations in Oslo ahead of ministers' meeting in Munich on Feb 11
Chisinau protest organizers vow to step up pressure on authorities
Situation gradually developing toward lifting of EU's anti-Russian sanctions - Russian envoy to EU (Part 2)
Moscow hopes for normalization of relations with EU in 2016 - diplomat (Part 2)
UN commission unlikely to decide on Russia's arctic shelf expansion bid in 2016 - Donskoy
IAAF commission to come to Moscow as many times as necessary - ARAF secretary general
Belarus ready to take steps to have EU sanctions lifted - foreign minister
MINISTRY OF NATURAL RESOURCES DOESN'T HOPE THAT UN COMMISSION WILL DECIDE ON RUSSIA'S SHELF EXPANSION APPLICATION IN 2016 - DONSKOY