CB: affected by the pandemic restructured debt by 2.5 trillion rubles

the Amount of restructured debt in Russia amounted to 2.5 trillion rubles in support of enterprises affected by restrictions in the economy during a pandemic, said Deputy Governor of the Bank of Russia Olga Polyakova during the broadcast of the Congress of the Association of Russian banks.

“We monitor the amount of restructured debt. Today it has reached a level of about 2.5 trillion rubles,” she said. This amount includes the “borrowers small and medium business, and borrowers who belong to the affected industries.”

Polyakov also noted that the possibility to continue easing regulatory requirements for banks, but the Central Bank will resume their inspection after 1 July of the current year. The financial rating of banks suspended in March.

Russian banks by may 11, restructured approximately 11% of the portfolio of loans to all enterprises of small and medium business, said earlier the head of the Central Bank Elvira Nabiullina.

Earlier, the Central Bank adopted a series of measures to support the population and business, including restructuring loans. From April 2020, in addition to the already established limit of 175 billion rubles., issued by additional 500 billion rubles. In this limit, the Bank of Russia provides loans to banks at a rate of 4% per annum for a period of 1 year to help businesses. People and businesses were given vacation credit. According to the Central Bank of the Russian Federation, 76% of borrowers who completed the vacation credit returned to the payment schedule. The peak of the delay, according to the regulator, expect in the second half.