the Russians were more likely to prevent overdue loans. According to the National Association of collection agencies (NAPCA) and the KJV “Equifax”, the absolute number of arrears increased in all segments of crediting. According to experts, this can lead to toughening of requirements to borrowers, especially to corporate customers.
In all segments lending rose arrears, according to the national Association of collection agencies (NAPCA) and the KJV “Equifax”. According to the organizations, though in equity the ratio of portfolio the main index of arrears is in the normal range, the absolute figures increased in each segment.
So, the share of overdue mortgage lending since the beginning of the year increased by more than 12%. This is a record figure for the last 4 years. In the credit card segment, the increase amounted to 11% in the segment of consumer lending — 8.7%. The share of overdue debt in loans increased by 6% against a decline of 2% over the same period last year — a record for two years. It is noted that there is a possibility of acceleration of growth of this indicator towards the end of the third quarter of 2020.
chief economist the information-analytical center TeleTrade Peter Pushkarev explains that over the last two years very many Russian families, without any hesitation, took out loans, not even under a specific purpose, and for the sake of maintaining the usual, but less available to them the standard of living in terms of actual falling incomes and rising prices. According to the expert, only for 2019 individuals took new loans of more than 2.7 trillion rubles and the total debt burden, including loans to MFIs in the early 2020 got close to around 20 trillion rubles. But the share of overdue loans was small: only about 5%, said Pushkarev.
“Quarantine restrictions came as a complete surprise and shock for the vast majority of the population. So if before the pandemic the main delay observed still for consumer loans, the obligations by which citizens are treated “better”, but now the problem of defaults spread to the mortgage despite the fact that initially to housing benefits citizens are treated much more seriously, allowing the delay only in the most exceptional cases,” — said “Газете.Ru” Pushkarev.
So, according to the research company “the old”, almost half (47%) of more than 1.5 thousand respondents of borrowers from different subjects of the Russian Federation complained about the drop in income in the period of the pandemic.
Head of the branch of “fora-Bank” Tatiana Merkulova said “Газете.Ru” that citizens began to actively use the possibility to take credit vacation
“In connection with the crisis prostocki in payment of loans originally present on the part of taxpayers. However, the majority of borrowers who have lost jobs and income, applied to the Bank statements on granting of holidays or postponement of principal, confirming that documented,” said Merkulov.
Peter Pushkarev reminds us that in order to use credit vacation, we need to tell the Bank about the income drop by 30% or more and confirm this fact:
“Many can’t do it due salaries in the envelope and informal jobs that are, perhaps, really here. Because the blame for the massive delay in fact is on a state: the people have created the conditions in which they are forced to violate the terms of the loan agreements,” — said the expert.
According to the economist, would have cost at the Federal level to prescribe a more coherent and universal mechanism, when the universal self-isolation would give the right to any borrower, without any explanation to the Bank and consequences, to defer obligations for a long time at least a year. As part of the cost of the Bank, as part of the costs of MFIs in these circumstances could take the state.
“Because none of this was not done, a portion of their risks, the banks just laid on the coming again to them of bona fide borrowers: the Central Bank lowers interest rates, and banks can still keep the bar of interest on loans and to refuse a greater number of borrowers, have tightened the requirements,” — said Pushkarev, noting that more strict conditions of the loans already facing and retail customers, and the company — in the case of a loan to a corporate customer, banks are now really fear the bankruptcy of the company.
