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Central Bank expects 35% reduction of unsecured loans’ growth rates

December 04, 2013, 13:03 UTC+3 MOSCOW
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MOSCOW, December 04. /ITAR-TASS/. The Central Bank of Russia expects that the growth rates of unsecured loans will decline by 35 percent in 2013, the bank’s governor, Elvira Nabiullina, told a conference of the All-Russia People’s Front on Wednesday.

This was not only the result of measures taken by the Central Bank, this means that “the country’s banks also pursue a cautious policy,” she said.

The Central Bank of Russia would introduce additional measures to protect citizens from obtrusive proposals for high-interest loans, Nabiullina said.

Speaking of loans that had often been issued through credit cards, she said, “we need to block obtrusive issuance of such loans to consumers.

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