Elvira Nabiullina suggests expanding criteria for concessional mortgage lending

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AK&M 19 February 2021 17:45

Elvira Nabiullina, the Governor of the Bank of Russia, suggested expanding the criteria for concessional mortgage lending to young families, with the subsidy of rates depending on the number of children, as an option, the Central Bank's Governor said at a meeting arranged by the Association of Russian Banks.

"I mean that we could take a broader program generally applying to young families, young professionals, or a rural mortgage lending program and make them permanently privileged," the Central Bank Governor said.

Elvira Nabiullina emphasized that these initiatives would be discussed with the Government and the banking community.