The Central Bank of Russia proposed introducing a cooling period when issuing large loans

2024-02-14T09:19:02.969Z

Highlights: The Central Bank of Russia proposes introducing a cooling period when issuing large loans. The head of the Russian regulator, Elvira Nabiullina, named the fight against credit fraud as one of the regulator’s priorities this year. Earlier, the Bank of Russian announced the suppression of fraudulent thefts totaling 5.8 trillion rubles in 2023. The conditions need to be discussed, but there needs to be a gap between applying for a loan and receiving funds, NabiULLina said.

The Central Bank of Russia proposes to introduce a cooling period when issuing large loans from 1 million rubles, said the head of the Russian regulator, Elvira Nabiullina.