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Russian banks to gradually soften lending terms — Central Bank

March 17, 2017, 12:31 UTC+3
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MOSCOW, March 17. /TASS/. Banks are planning to gradually reduce stringent lending terms but will continue to adhere to a cautious credit policy, according to the Central Bank.

"In the first half of 2017, banks expect to maintain the main trends of the previous year, while banks are planning to gradually soften stringent credit conditions. At the same time, they will continue to adhere to a cautious credit policy, avoiding taking excessive risks, which will restrain growth of banks' loan portfolios. After the seasonal reduction in demand for loans at the beginning of the year, banks expect further growth in demand in all market segments, adequate to growth of economic activity," the Central Bank said.

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