The central bank NBS expects that its measures to tighten credit standards as of July 1 will slow down the growth pace in loan provision from the 12% in the first quarter of this year to 10%. The new credit standards will therefore bring only a gradual change and access to loans won’t be reduced substantially. NBS will ban banks from providing loans to those with debt over 8-times their annual net income. The ban will have several exemptions. What’s more, some banks are already applying tighter credit standards. Several previous NBS measures tightening credit standards have not slowed down the loan provision substantially, if re-financing is excluded.