Bank of Russia sees signs of cooldown in construction, coal mining — governor

Business & Economy December 20, 18:07

The regulator expects that banks will be more conservative in the next year in building up their loan portfolios

MOSCOW, December 20. /TASS/. The Bank of Russia records signs of the cooldown in construction, metals and coal mining sectors, Central Bank chief Elvira Nabiullina said at the press conference after the regulator’s Board meeting.

"According to data of our territorial subdivisions, signs of the cooldown are present in construction, coal mining and metals segments," she said.

The regulator expects that banks will be more conservative in the next year in building up their loan portfolios, Nabiullina added.

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