In 2023, the number of rejected loan applications to Russian banks reached record levels. The newspaper reports “News” Citing a study by CosmoVisa.
At the same time, banks often did not indicate to borrowers specific reasons for refusal. As experts have explained, this is due to the willingness of credit institutions not to disclose the details of the credit rating policy. According to the research, 36 percent of Russians were denied consumer loans.
At the same time, the increase in “bad” loans in the context of high inflation and the decrease in the real incomes of citizens were also factors. According to NBKI, the approval rate of applications fell from 28.8% to 20% during the year.
Experts warn that banks will keep their “risk appetite” low in a tight monetary policy environment and will prefer borrowers with high credit ratings. Some experts believe there may be even more failures.
Experts also see no signs of a critical situation in the debt burden of the population. Mortgage loans may exceed expectations in the current environment.
It became clear how much recently price increase Loans to a large number of customers in Russia.
Who was previously known in Russia will less likely to lend.