Banks and IFIs since 2024 will inform borrowers on the critical growth of debts

Moscow. December 21. information agency "Interfaks" - State Duma of the Federal Assembly of the Russian Federation adopted the law in the third reading, which will oblige banks and microfinancial organizations (IFIs) to count the indicator of debt loading (IDL) for each borrower, and at indicator approach to critical values (over 50% of the income) to inform the borrower on risks. The bill No. 1145324-7 in April, 2021 introduced in chamber senator Nicholas Zhuravlev and at that time the deputy Igor Borisovich Divinsky. In the explanatory note to the project it was said that since October 1, 2019 Central bank Russian Federation (Bank Russia) entered for the credit and microfinancial organizations a duty at...