The Central Bank of the Russian Federation is concerned about the quality of consumer loans provided. This was stated in the text of a speech by the head of the Central Bank Elvira Nabiullina at the International Banking Forum. published on the organizer’s website.
“Personal loans have returned to pre-crisis levels. However, we are concerned about the quality of the loans provided here. “We see that the increase in loans in consumer loans is largely due to the provision of more loans to borrowers who already have a high debt burden or have long-term loans,” explained the head of the Central Bank.
According to him, this required taking some precautions.
“In particular, we are limiting the share of loans to borrowers with a debt burden (DLB) of more than 50% – we have moved, as they say, to a new level. That is, those who spend more than 50 percent of their income on credit services,” Nabiullina said.
According to him, the regulator wants to practically minimize loans where personal income tax is above 80%.
Central Bank of the Russian Federation from September 1 hardened requirements for unsecured loans – consumer loans and credit cards. The regulator increased the so-called premiums on risk rates for unsecured loans, which increased the burden on the bank’s capital when issuing loans. The higher it is, the more capital reserves the bank needs. Additional fees allow you to save an additional amount of money that the bank can use in the future. For example, to cover your losses arising from overdue loans. According to the new requirements of the Central Bank, premiums will be applied to all loans with a full cost (FCC) of 25% (the full cost of the loan includes all costs of services of the client, including commissions and insurance costs – Gazeta .Ru). The measure will also affect Russians with a personal income threshold of 50 and above. Until September 1, loans with a PSC of 35% and borrowers with a PSC above 80 were regulated.
Previously recognizedStarting from October 1, it will become more difficult for him to get a mortgage in Russia.
Source: Gazeta
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