Rustam Minnikhanov holds a meeting with representatives of banking institutions of the republic to discuss anti-crisis measures to support the economy

On May 16, Tatarstan President Rustam Minnikhanov held a meeting, via videoconference, with representatives of banking organizations of the republic to discuss anti-crisis measures to support the economy. Head of the Service for Consumer Protection and Financial Inclusion of the Central Bank of Russia Mikhail Mamuta also took part in the meeting.

Opening the meeting, Minnikhanov reminded that the President of Russia Vladimir Putin has posed serious challenges to the banking community and the governmental authorities. First of all, they include an unprecedented number of measures to support business and the public in connection with the current economic situation.

This work has already started in Tatarstan. It is important to inform the population and business about support measures, to work with every client in strict accordance with the legislation, Minnikhanov emphasized.

Making a keynote report on anti-crisis measures to support the economy, Minister of Economy of the republic Midhat Shagiakhmetov reminded in particular, that the republic is constantly monitoring the implementation of federal projects to support citizens and businesses, implemented by banking organizations.

Among the proposed anti-crisis measures, he called interest-free loans for the payment of wages, a soft loan programme developed by the Ministry of Economic Development of the Russian Federation, a loan programme for systemic companies, preferential mortgage lending programme at a rate of 6.5 per cent, loan restructuring to SMEs under interbank and state programmes and others.

Now all banking organizations are experiencing significant pressure due to the large flow of applications as part of support measures. In such conditions, it is important to quickly identify and eliminate all weaknesses in the interaction with the population and enterprises, Shagiakhmetov said.

Representatives of some banks operating in the republic, as well as the Guarantee Fund of the republic also spoke at the meeting.