MOSCOW, March 2 (Reuters) - Russia's central bank governor
on Thursday warned of possible "systemic risks" in the banking
sector as lenders scramble to make up for a slump in profits
recorded last year.
Speaking at a banking forum near Moscow, Governor Elvira
Nabiullina said the regulator was concerned by declining
standards in mortgage lending and falling rates of early
repayments, suggesting consumers were feeling the pinch after a
year of economic pressure on the Russian economy.
"We will not let systemic risks come to pass," Nabiullina
said, pledging the central bank was paying close attention to
banks' lending practices and was ready to tighten the regulatory
screws if needed.
(Reporting by Alexander Marrow and Elena Fabrichnaya; Editing
by Mark Trevelyan)
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