i received signals from your colleagues that the central bank will most likely keep an eye on the indicator. uh, the maximum or debt load will continue to reduce the quantitative limits for pdn-80 plus, and it turns out that the central bank is attacking retail loans from all sides or the ministry of foreign affairs and capital allowances and pdn, but with this question. uh, to what level is it important for the regulator to slow down the growth of this business? is it important and big? ah, we apply macro-productive measures, a these include macro-potential limits, when we limit the share of loans, uh, high borrower already indebted and capital surcharges. we are using these measures to ensure that, given the rather rapid growth in consumer lending, as we

are experiencing. now this did not happen due to high-risk lending. we are not trying to slow down the growth of consumer lending in general. these measures are aimed at containment. uh, too rapid growth in the debt load of the population, because this is what concerns the impact on the growth rate of loans will be consumer or corporate is our key rate tool. uh, and therefore we should not talk about slowing down the application of these worlds as a whole , the slowdown in consumer lending, namely the high-risk part. yes, we are now applying both those and other measures. when we introduced macroprudential elements, we just talked about the fact that we will apply both those and other capital allowances, they make it possible to form such buffers, capital reserves, and we dissolve them in difficult conditions of the crisis. this is how we acted during pandemics. that's what we did last year. and this makes it possible for banks, even in a difficult

situation, to maintain the growth rate of lending without a credit contraction. and uh, apply macro-production limits. including this is a more effective tool, because many banks which have a capital reserve. yes, they can, despite this , increase high-risk lending, so we introduce this to quantitative elements. we really already meet them and have already become, maybe we will. further tighten we tightened e, and in terms of allowances for limits, first of all, e loans to borrowers who have a high debt burden in the zone of 80, + 80% of income. they're already using it to repay the loan, but uh, it might be a little less risky, but 70 plus loans are still risky, and so on. we see that it is secured with a consumer loan somewhere now uh hmm 60-61% is issued

to people with e-e pdn 50 plus that is , they already spend more than half of their income on repaying loans, so we are thinking about what could be, and here is to apply these limiting tools in order to avoid high-risk accelerated growth. at what stage is the preparation of legal documents related to the return of frozen international reserves? it’s just that bed time is in the plane now, but there is information on how to divide them, how to send international funds for some needs and the second question is that the central bank initiated the idea of ​​​​creating, and combining banking associations, a bank of small banks. yes, which would, as it were, mutually exist helped each other. and how this idea

turned out to be an interesting bank. well, as a rule , it's probably quite difficult and voluntarily to go in to unite and work together. thank you. yes , thank you for the first question legally we have. well, almost everything is ready. we have difficulty with , uh, arranging work with lawyers who can defend our interests in foreign courts, because there is a restriction on this. as for banking associations, we are discussing with banks, this is true. mm bank. need to realize this the idea is, in a sense, to share a part of your sovereignty in exchange for the fact that you can use some kind of collective services and services. hmm. and not everyone is ready for this. although here is my meeting with the bankers. not so long ago it seemed that some see this idea promising. but it will be necessary for them to comprehend everything, but in my

opinion. they have a choice either to direct a larger and larger share of the costs to ensuring e requirements related to information security. e digitalization. it's still the cost of small banks. this fixed costs that are borne by business and large banks, not everyone can afford it, therefore, methods of combining, or methods of outsourcing. that a collective solution that should appear in the market in my opinion, this is a way for them to survive in the long term, so we proposed one of these tools, which may be, well, maybe it's just outsourcing of services, if there are solutions on the market who can enjoy hmm some banks. i know that in many ways this is offered including large banks offer their solutions for sale, but the banks will choose, but

hmm, this idea is still under discussion, if the banking community itself proposes some new mechanisms, they proposed two main mechanisms. alliance umbrella. we are also ready to discuss. roman markelov, please, good afternoon roman markelov rossiyskaya gazeta, i have questions to clarify. the first one is when the bank of russia signals an increase in the key rate, which means a one-time increase or the start of a whole cycle. and the second question. e about the foreign exchange market. e hmm under what conditions is the bank of russia ready to intervene in what is happening in the foreign exchange market? this is a conditional dollar at 120 or the rate of decline of the ruble, or something else. thank you, on the first question we see. hmm, that about inflationary risks prevail over disinfection ones. i'm not even getting stronger, of course, this allows

for the possibility of raising rates, but hmm, will it be a one-time thing, the whole cycle will depend on the development of the situation that we will analyze. and so now warn it probably before the time then with regard to the foreign exchange market. we are not targeting the ruble exchange rate against foreign currencies, we are targeting it from the point of view of price stability. e, and. but we are ready to interfere in the work of the foreign exchange market. we have all the tools for this, if we see financial stability risks , not just that someone does not like this or that exchange rate, if it develops under the influence of objective circumstances, uh, financial stability risks are one of the indicators. maybe when the currency market is sharply

liquidity falls, for example, the supply of currency decreases in this situation. we think it is possible to enter the uh, the foreign exchange market with interventions for us, if we have this instrument and as regards, for example, just short-term fluctuations. we have such short-term tools to contain short-term fluctuations, these are our currency freedoms. they used to work in dollars and euros. probably this. but now such a tool works in yuan, and we see that in certain periods, market participants can use them colleagues of the investment abacus, please, thank you olga kopytina rbc investment. and to the question of long-term investment savings programs, and pds a has already been adopted in three readings, and there we saw that the list of special life situations has changed and education has been removed. at the same time

, the death of a close relative in may was added. you said that according to isa, you consider it necessary to expand the list of special life situations in order for this tool to be attractive. is it possible to expect that the bill on e, third and c e will also be introduced, but as a clause, and the death of a loved one relative. now there are only expensive treatments and will you insist on that? in order for this list to be even wider than the statutory income tax, or they will be synchronized and the second one is questionable at this point, too, but they say that the frozen pension funds. yes , they seemed to be here, well, they remained, but nevertheless such an opportunity was introduced into the pds. and that people will be able to transfer these frozen funds to a long-term savings program. and here is the exit of such a wonderful opportunity. no, maybe you should add it too.

for some reason i decided to propose. sorry . as for both the c-3 and the list. hmm, maybe their cases are possible for the withdrawal of funds. yes , here and uh, is it necessary to synchronize, but in general, probably, it can be synchronized and it is possible to provide for different conditions, probably not even. it's the most important. in my opinion. in my opinion, it is very important in these discussions. and now the discussions are continuing, and on this list of possible withdrawals, there have also been discussions and discussions are ongoing. well, in my opinion, it is very important that this tool. it was attractive as a tool for long-term savings. we understand that people will find it easier to save long-term. if they understand that they are in a difficult situation, when they need to use some amount. they will have the opportunity because it is saved

to use it. i think this is one of the elements that makes it attractive. eh, this tool itself and from this point of view. we need to move on to these exceptions, so we advocated that this list be more or less wide, so that people were not afraid, in fact. we save from current consumption in favor. here is such here such long-term savings. and as for hmm, according to the possibility of use, i mean, probably according to isa , there is one and there are two for is-3. there are some opportunities foreseen, including due to the possible due to the term hmm by and with one of the two to enable people who have begun to use shields, and with one of the two to a greater extent switch to new tools of the is-3 that long term they need too

do something attractive, so that it is attractive and the possibility of using previous periods. in my opinion. yes, it may be useful colleagues today was a very long hard day, so i propose the last two questions of the statement and then hello natalyanskaya statement, uh, if you allow me , the first two small questions are when the fifa exchange operator appears, how many people are there now. if possible, maybe, then this is also the second question of the procef, and now it is forbidden by law to issue cefa for shares public companies, well, public companies. but where does such a ban come from? can it be filmed there under, for example , an experimental legal regime? thank you . yes, we have two requests for a digital operator. here, when it does not receive, i

think it will become known who it is, uh , we consider them cephan shares of public companies, really at the first stage. let's go to non-public companies, because it's hmm uh, hmm it's more simple there are limited circle of participants hmm in the meantime, we have some applications for explicit requests to be made we have not received shares of public companies, but if there is a request from the market, we are ready to consider it, including within the framework of an experimental legal regime. by the way, today at the hmm forum we talked about an experimental legal regime. in my opinion. it is very important. ah, because if we want to keep the level. or the rate of innovative activity in our financial sector was quite high for us without experiments. it's indispensable here, because m-m. uh, and the laws go enough, long a lot you know, here's a lot of laws,

which we are discussing, except for anti-crisis ones, they take a very long time and, uh, in order to understand everything and the risks and benefits of certain innovations, of course, it would be right to experiment. and our legal system. in my opinion, it should help this. therefore, we hope that such a regime will exist and within it it will be possible to experiment a lot, including with shares of public companies. yes georgy primitin forbes uh july 1, the deadline for companies to not publish financial reporting. however, ah. some companies may still not disclose a number of credit data. e, this question was either the central bank involved in the discussion on the publication of reports and whether it is satisfied with its result, as a mega -regulator of the financial market in terms of full stress to come up with

information, if one more question is short, and recently a was announced a plan, and unfreezing assets, and the central bank announced a plan er to er, unfreezing of assets in the form of the formation of a pool of investors. uh, whose assets could be exchanged for accounts, uh from type to funds like c and uh, how would this pool be formed, given that the cutoff on accounts of type c is significantly less than that of frozen russian ones? as for the publication of reports, we understand that the reports may contain sensitive information that can create sanctions risks, so our position was initially such that it was necessary to publish as much information as possible, but

with exceptions on sensitive topics. by the way, we carried out such work for the financial sector and showed where it is possible to aggregate information, and our banks and such reporting already published. in any case, all financial indicators are available to market participants, so this approach should be taken by us, uh, uh, hmm, we definitely discussed this topic together with the government. e hmm but for us it was important to avoid that, as many suggested there for another six months, let's say, to extend, and not to publish reports or do it. exemptions are too wide, because now the exemptions do not apply to foreign exchange transactions, for example, beneficiaries and so on. this is in our opinion. uh, there should be such exceptions, but it is fundamentally important to have, uh, disclosure of uh

information relevant to investors, we are all in lip service for the development of the capital market. and today questions have been raised, but the capital market does not happen without the available information to imagine what your enterprises owe you. give money without understanding. what condition is it in? what are his debts? what are his plans? but this, i think, would be very strange to expect, because this is a basic thing that is needed for the capital market, we will look at how this disclosure of information occurs. how does she use? is it enough for investors? well, if we see that is not accurate, uh, we will come out with an additional proposal to the government, regarding, uh, the exchange of frozen assets or, ah, frozen assets, the purchase of frozen assets using funds from accounts like c first, this

mechanism should be voluntary for our investors. so whoever wants to participate in this should speak out, and in my opinion. it is necessary to start first of all with the mass investor. with a small relatively small amount of frozen funds, but i can tell you that among uh people whose funds are frozen uh, 90% of 90% of people have their funds frozen up to 100,000 rubles. and uh, the first thing to do is to decide. eh, here's the problem. in my opinion of the mass investor hmm and, well, then as far as possible further on and on. i think that would be fair. colleagues thank you very much. thank you, good work at the forum thank you, this was a live broadcast from the financial congress in st. petersburg , the head of the central bank

elvira nabiullina answered journalists' questions about 4 billion rubles was allocated to the stavropol region for support, military personnel. including the participants in the special operation of their families, such data was given by the governor of the region vladimir vladimirov at a meeting with the president , all regional payments for these purposes are preserved, and now vladimir putin also asked the head of the region to pay attention to the state of the school, their preparation for the new academic year. the main indicator is that everything is stable. uh, industrial production is growing steadily. i'm not talking anymore, here , higher than the average for russia, there is another project. it's uh, building the school's fault. eh, it is necessary, of course, to pay attention to the fact that you are 60%. yes satisfactory condition. here the unsatisfied scene is 50 school. uh, when, on your instruction, the program

began to work all 50 schools, i went into a major overhaul. i mean, thank you for extending it. if everything, god forbid, it will turn out by the twenty-sixth year. we assume that we will repair 130 to the school for sure. and now sergeyevich can already be in the application. why are we paying attention to this? after all, from of this, in the life of people, the education of children is formed; and so on, they will make it so that such a chic region is so beautiful. let the socio-economic situation as a whole over the past year, and 3 billion 800 million sent only to support. uh, military families and jobs. i'm not talking about roofs about warm water. just comparing kindergarten about the fact that food is free and so on. here, then, the question arose of assistance for mobilization. uh, 683 million sent. yes, everything is complete. if we talk about

territory, luhansk came to see the hardest thing, i wanted to say that they all happened. not as a result of the war, it turns out 30 years. nobody gave them a penny. that is, they are 30 years old. they just survived from there what the war did. well, there are arrivals, as, probably, everywhere, but for sure this is not comparable with the fact that in 30 years just everything has been killed in our development today. we had two: our agriculture and our cultures. we are working with the ministry of agriculture on agriculture. here is the main development driver of this program for the walkie-talkie hmm well, potatoes have never been produced within the framework today. here are the errands that were issued, remember, when the set began to grow 600.000. it's delicious, and i'll bring it to you, as it's better for belarus. i think that i think that we have, uh, soil, after all, sulina, more sandy potatoes, when to develop, so good potatoes and we sell well we sell. resting woman father and

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to inform citizens about threats and promptly refute fakes, such an instruction was given to the heads of regions during a field meeting. secretary of the russian security council nikolai patrushev in krasnodar discussed how to ensure the protection of people and critical objects in the southern regions of our country. today, nato countries, led by the united states, continue to finance the terrorist regime in ukraine, pump it up with weapons, provide intelligence, train military personnel, plan and coordinate military operations against the russian army. at the same time, washington and the countries

of the north atlantic bloc are indifferent to the fate of ukraine and the ukrainian people . the ukrainian offensive, which has been so actively advertised and begun, has already led to huge losses of the armed forces in manpower and equipment. elections 2023 is gaining momentum a round table with this name was held today at the expert institute for social research. the expert told how the preparations for the election race of this year are going on, colleagues, you know , in 26 regions of the russian federation , the governors of the heads of the regions are elected hmm twenty-one, the subject will be held direct elections in uh. five, this will be an election under a simplified system. well, including in the uh new territories of the new subjects of the russian

federation for obvious reasons. i mean, a simplified system for electing chapters through voting in parliament, respectively, 20 legislative assemblies are elected and a huge number of elections of another level, that is, a large-scale single voting day. uh, despite so to speak no matter what e elections, like uh. actually, the snow in winter must pass on time. they also noted that within the large five-year electoral cycle , this year's company is the most saturated . other trends can be traced this year in terms of the number of elected persons. i believe that for a-a main candidates now the situation. well stacks slightly more predominant slightly more priority. what it can be for other participants, who , among other things, are counting on a powerful satellite at the end of the company, maybe they haven’t shown themselves yet, but,

nevertheless, uh, the leaders of the electoral rating. it is very important among those who are going to come to the polls.

having turned out of the soviet past, it was necessary to fill this gap with something. bandera's being was affirmed. for russia of a political nature , the international is encouraged by europe yes, because

it is a product.