The Central Bank asks banks to submit a justification for applying discount rate to calculate the standards

The Central Bank asks banks to submit a justification for applying discount rate to calculate the standards


MOSCOW, January 21. The Central Bank asks banks to submit detailed justification for the use of foreign exchange preferential rate to the estimated standards. This was announced by the President of the Association “Russia”, Chairman of the state Duma Committee on economic policy Anatoly Aksakov at the end of the meeting the first Deputy Chairman of the Central Bank Alexey Simanovsky with bankers.

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“The meeting in the Central Bank on the topic that you have to take to become more active crediting of the economy. All the bankers said they did not see the options dramatic developments. But in order to participate more actively in lending to the economy, it is necessary to use a preferential exchange rate for the calculation of standards,” – said Aksakov.

He said that banks should provide more detailed calculations on the use of concessionary exchange rate to the estimated standards.

“The Central Bank will study them and will give the answer, it should be renewed or not”, – said Aksakov.

In turn, another interviewee reported that at the meeting special attention was also paid to the problems of lending to business in 2016, the Bank of Russia requested the bankers “to develop lending business to avoid economic decline”, the source explained.

Another theme of the workshop was the weakening of the ruble, under which the Central Bank and the bankers discussed the possible use of emergency measures by the regulator in case of significant fluctuations of the ruble, said the source.

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