in addition, the Bank of Russia and Ministry of economic development working on leasing vacation – opportunity business affected by the quarantine measures that require deferral of lease payments by analogy with the rental payments.
Business estimated losses from the coronavirus
this was stated by the head of Service for protection of consumer rights and ensuring access to financial services of the Bank of Russia Mikhail Mamuta. He spoke at the webinar, held with the participation of RF CCI, RUIE, “Business Russia” and “OPORA Russia”.
Initially, the list of most affected included transportation, catering, tourism, hospitality, sport, culture, education, events, household services. Small and medium businesses from these sectors may suspend loan payments for up to six months. The business Association indicate that other industries are also enough companies who have lost or drastically reduced revenue.
Mamut spoke about the agreement with the major banks that if the entrepreneur is not suitable under the terms of the credit vacation, is refused a deferred payment, the business Association to which he belongs, acting as “counsel” to the Bank, helping to organize the proper dialogue and such applications are considered in the first place.
Yaroslavl As the business learns to live in the new reality
the Bank of Russia, reminded Mamut, encouraged the bankers to go for the restructuring of SME loans in the event of debt servicing difficulties, and also allowed banks to generate additionaltional reserves restrukturierung loans, that is, freed the banks from the related additional costs. Banks even before the law on credit holidays has expanded its restructuring program, and verification method checker show that in General the mechanism works fine, Mamut said.
Loans at a zero rate on wages will generate about 90 of the banks, their customers is the vast majority of SMEs, Mamut said. First joined the program as Sberbank, VTB, MSP Bank, Promsvyazbank, Gazprombank, Alfa-Bank and Bank “Opening”. The loan amount is calculated based on the number of employees, minimum wages, the regional factor in region where the registered borrower, the rate of contributions from the salary.
