°
Newark

Latest News - #Expert RA

Experts have told how much banks will lose their license in 2020

A license for the current year will not lose more than 15 Russian banks, compared to 27 credit institutions a year earlier, the rate of withdrawal of licenses will decline, largely due to the suspension of three months on-site inspections of the Central Bank, told RIA Novosti Director on Bank ratings "Expert RA" Ludmila of Kozhekina.

Central Bank of 14 July revoked the license of the "National Bank of Tuva", it was the first revocation of the license from 31 January of the current year. In January 2020, the regulator has revoked the licenses of four credit institutions. In late March, the Bank of Russia has suspended inspections of banks and non-Bank financial institutions, renewing them on 1 July this year.

Analysts have predicted record low mortgage rates in Russia

By the end of the year, average mortgage rates could fall to a historic low.

According to analysts, banks will be able to offer borrowers a mortgage with a rate below seven percent per annum.

The expert said, when the economy will return to pre-crisis growth rates

The Russian economy is the favorable development of the situation will come to the pre-crisis growth rate in the middle of next year, in the baseline scenario in the beginning of 2022, said in an interview with RIA Novosti General Director of rating Agency "Expert RA" Sergey Tishchenko.

According to Rosstat, the Russian economy grew by 2019 1.3%.

The expert predicted the decline of Russia's GDP in 2020, 4.2%

The decline of the Russian economy this year will amount to 4.2%, with good development of the situation in the second half of the fall can be less than 3%, said in an interview with RIA Novosti General Director of rating Agency "Expert RA" Sergey Tishchenko.

It's optimistic forecasts, the Russian financial authorities. The official forecast of Ministry of economic development involves the reduction of Russia's GDP in 2020 to 5%. The Bank of Russia expects the economic downturn of the country in 2020 in the range of 4-6%. The head of the Central Bank Elvira Nabiullina said that does not rule out a decline of Russia's GDP in the second quarter is stronger than 8%.

The expert predicted the dollar at the end of the year

The dollar by the end of the current year will fall to 66 rubles, with this exchange rate and the average annual price of oil in 50 dollars for barrel the budget deficit of Russia will be in 2020 at 5% of GDP, said in an interview with RIA Novosti General Director of rating Agency "Expert RA" Sergey Tishchenko.

The last time the dollar was trading around 66 rubles at the beginning of March this year. However, after the collapse of OPEC transactions and statements of a number of countries of the former Alliance on plans to increase production at rapidly falling demand due to the coronavirus began a steep dive in oil prices. The ruble is not stand the pressure and began to weaken: the value of the dollar in the second half of March has jumped to above 80 rubles.