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Полякова Ольга
Olga Polyakova
Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Quotes
07.06.2019
SPIEF 2019
Reform of the Construction Industry. Transition to a New Mechanism of Housing Construction
Today the banking system is almost ready for a gradual transition to project financing. 1,000 developers working in 72 regions submitted 1,557 requests to 18 authorized banks. To date, credit agreements for 75 billion roubles have been signhed, with 8.5 billion roubles placed to escrow accounts
07.06.2019
SPIEF 2019
Reform of the Construction Industry. Transition to a New Mechanism of Housing Construction
One of the problems that can impede reception of project financing is low marginality. There are very responsible developers who build in regions, but there the cost of a square metre of residential housing is much lower than in Moscow, Moscow Region and St. Petersburg, where the marginality is high