Due to the increased regulation of the mortgage market, Russian banks risk losing about 80 billion rubles of profit this year. It has been reported TASS referring to the rating agency “Expert RA” review.
“But in the long run, this lost profit will be compensated,” the publication says.
He states that this will happen due to the improvement in the quality of portfolios aimed at regulation.
The agency pointed to a number of innovations. Firstly, the introduction of allowances from the developer to the reserve ratio for mortgage loans from May 30 may become a prerequisite for a decrease in the issuance of such loans, which will lead to a decrease in the volume of lump-sum commissions received by credit institutions. from developers. Second, the introduction of macroprudential premiums to risk ratios on low down payment loans, as of July 1, will eliminate the potential for higher new lending.
Third, according to the rating agency, some banks will receive less commission income from mortgage products this year than last year, as the Central Bank has removed the option to “impose” purchases from credit institutions on the borrower. insurance policy that costs higher than the list of insurance companies it accredits.
In total, a slight increase in the volume of mortgage issuance is foreseen in 2023 – within 2-4%, up to 4.9-5 trillion rubles, according to experts of the agency.
formerly CBR declaration About the tightening of the extremely low rate mortgage regulation from May 30 this year.