At the same time, on loans issued before April 1 of last year, on the contrary, the requirements will be relaxed, which will allow banks to free up capital, according to the regulator's website.
“By July 1, 2021, banks will have to fully form reserves for possible losses on loans restructured in connection with the pandemic,” the Central Bank's website says.
Taking this into account, the Bank of Russia decided to cancel the premiums to the risk ratios for unsecured consumer loans granted before April 1, 2020, effective June 30, 2021.
It is noted that such a measure will help, on an ongoing basis, free up banks' capital in the amount of 124 billion rubles.
This will support their capital adequacy ratios.
In addition, this capital stock "can be used by banks to cover losses on other loans, in particular to SMEs."
Earlier it became known that the Bank of Russia raised its key rate from 4.5% to 5% per annum.