Banks have reduced loans to the population at the limits of the Central Bank

Image: portal of the mayor and government of Moscow

the Russian banks for the last three months of 2019, reduced the results to the population of unsecured loans and credit cards. This trend, according to experts, is connected with the restrictions of the Bank of Russia, RBC reports.

Since October 10 last year, the credit institution must take into account the debt burden indicator (PDN) when processing applications for loans. PD in this case is calculated as the ratio of borrowing costs to total revenue.

According to the credit history Bureau “Equifax”, in the fourth quarter of 2019, banks issued consumer credits for 743,1 billion roubles, which is 12 percent less than the same period 2018-year and 9 percent less than in the third quarter of 2019. A similar decline is observed in the credit card segment.

New requirements for consumer loans, the Central Bank introduced as a measure of the declining interest of banks to work with excessive akreditavimo citizens. Some experts believe that the decrease of the loans due to the tougher standards of banking organizations.

the Bank of Russia this tendency is not quite satisfied.

“Well, what the rate of growth of unsecured consumer lending is slowing. Not very good, that slowing is not very much”, – said the head of the Department of banking supervision of the Central Bank Alexander Danilov.

In the future, the Central Bank may impose additional restrictions, as stated by associate Director on Bank ratings “Expert RA” Xenia Balashova. Further measures to cool the market will be considered at the end of the first quarter of 2022.

Previously, through the study of “BCS Premier” became known that the Russian banks began to refuse from lending stores. Some experts believe that credit institutions more profitable to make consumers ‘ cards. They are easier to maintain, they also provide additional services to your clients.

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