Sber is the first company in the market to introduce complex debt settlement practice between a debtor and all its creditors and sees significant potential for the development of this market. This was expressed by Alexander Vedyakhin, First Deputy Chairman of the Board of Directors of Sberbank, at the session “Mediation: from the threat of bankruptcy to financial reconciliation”, held at the Financial Congress of the Bank of Russia.
According to Alexander Vedyakhin, of the three ways to pay off debts – bankruptcy, restructuring and complex settlement (including mediation) – the last option in some cases is the most convenient for the client and effective for the creditor.
He noted that to date, Sberbank has completed 1.2 thousand such transactions with the participation of other creditors, 90% of which are effectively served by borrowers.
So far, the main stream of client applications has fallen to reconfiguration, but the vector is slowly shifting towards a new approach.
The significant capacity of this market can only be successfully developed if the service is digitized.
Currently, Sberbank cooperates with 10 banks towards a comprehensive solution, including acting as an operator for them in terms of applications. Significant methodological assistance to market participants will be provided by the standard adopted by the Bank of Russia, which explains the general principles for conducting such transactions.
Vedyakhin expressed his desire that the decisions taken in the complex resolution process be binding and do not require additional approval by the courts, and evaluated this step positively.
“We believe that a comprehensive solution is a healthy tool. It also allows banks to manage their financial results more effectively and generate better returns and is very convenient for the client. At the same time, the interests of all financial structures involved in the debt recovery process are taken into account and the client’s chances of returning to a normal payment schedule increase, ”concluded Vedyakhin.
Formerly at Sberbank said about the importance of ensuring the security of their customers’ personal data.