‘Since the financial crisis broke out, we had to decrease the amount of loans offered to private entities. The reasons for this are obvious: the back payment just cannot be guaranteed. Unfortunately, it is not always possible at the moment to calculate whether a certain company is able of paying the loan off in due time. This does not mean, however, that we stopped offering loans to businesses altogether. Quite on the contrary, we are still prepared to meet our credit-solvent customers’ needs in full. All the strategic partners the bank has developed a long-term financial relationship with are getting all the loans they need,’ Bank Monetniy Dom’s Deputy Chair of the Board Galina Maltseva said to an UrBC reporter.

‘What is more, we are trying to keep the possible cooperation options open. For one, we can offer our customers the so-called crisis products like credit lines provided for certain purposes. Loans meant to cover the employees’ salaries can serve as an example of this,’ she added.