MOSCOW, March 2 (Reuters) – Russia’s central financial institution governor on Thursday warned of doable “systemic dangers” within the banking sector as lenders scramble to make up for a droop in income recorded final yr.
Talking at a banking discussion board close to Moscow, Governor Elvira Nabiullina mentioned the regulator was involved by declining requirements in mortgage lending and falling charges of early repayments, suggesting shoppers had been feeling the pinch after a yr of financial strain on the Russian financial system.
“We won’t let systemic dangers come to go,” Nabiullina mentioned, pledging the central financial institution was paying shut consideration to banks’ lending practices and was able to tighten the regulatory screws if wanted.
Reporting by Alexander Marrow and Elena Fabrichnaya; Modifying by Mark Trevelyan
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