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Companies commonly rely on their profits to grow and invest, without needing to borrow.
Vladimir I. Tikhomirov, chief economist at UralSib bank, said Russia could even slip through 2010 by drawing down reserves without needing to borrow abroad if oil prices rose slightly and the global economy remained at least stable.
The Bank also provided its promised update on the health of the residential mortgage market and is keeping in place measures announced in 2014 to restrict lenders' ability to help customers needing to borrow four and half times their income.
Under the measures, the Bank will not allow lenders to extend more than 15% of their mortgages to customers needing to borrow four-and-a-half times their income.
In June 2014, the Bank intervened in the residential mortgage market, barring lenders from granting more than 15% of their mortgages to customers needing to borrow four-and-half times their income.
On Friday morning, banks needing to borrow from other banks were paying nearly 4percentt more in interest than the Treasury offers on savings bonds — a spread reflecting a general unwillingness to part with cash.
Similar(43)
"They need to borrow at lower rates".
It needs to borrow some $13 billion this summer.
Maybe we need to borrow some models.
Democrats need to borrow his tactics.
I needed to borrow some money.
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