The Federal Anti-Monopoly Service (FAS) worked out recommendations on the contents of ads on banking loans. The document requires banks to indicate either the actual cost of their loans calculated under Central Bank methods or the rate of interest on the principal debt and the amounts of all additional banking fees and commissions. As proposed by FAS, banks will be obliged to disclose the amounts and terms of loans in their ads if they affect the costs of the loans for borrowers. Analysts believe that if implemented, the recommendations will negatively affect the effectiveness and volume of banking ads.
Source: WWW.KOMMERSANT.RU, October 5, 2007
