VTB proposed extending relief for banks for a year
VTB, the second state bank of Russia, is in favor of extending the “coronavirus” easing of the banking system for the whole of 2021 and has already brought its position to the Central Bank, Dmitry Pyanov, member of the VTB board, said today. According to him, the removal of easing from October 1 is premature due to the growth of credit risk and provisioning for corporate loans. The peak of such reservations will be exactly in the third quarter, Pyanov noted.