Central Bank will cut loans

The Central Bank intends to October 1 to stop issuing unsecured loans for longer than 35 days and completely stop them issuing from January 1 next year. This measure shows the actual termination of assistance to other banks, in consequence of the completion of the economic crisis. Start the program unsecured support began in year 2008. In February of 2009 issued by the amount exceeds 1.9 trillion. rubles. By July 1 this year the volume of such loans dropped to 50.3 billion rubles (over 30 billion accounts for "Mezhprombank, which is in an emergency). Today, banks have high liquidity, so the issue of unsecured lending is becoming irrelevant - considered by the Central Bank.