In Russia, the value of bank debt on online trading platforms in the second quarter decreased by 37% compared to the first quarter, while the debt of microfinance institutions (MFIs) fell by 18%. About author Kommersant refers to an online auction run for the sale of overdue Debex.
According to the research, the cost of selling retail bank debt declined from 12.7% in the first quarter of 2022 to 7.9% in the second quarter. On the other hand, MFIs decreased from 16.9% to 4.2%. At the same time, the volumes of auctioned delays do not decrease.
Market experts agreed that against the background of the ban on bankruptcy, banks began to sell dubious debts more often. At the same time, the fall in default prices could lead to a crisis in the collections market. That is, further declines in share value may cause the owner to freeze the sale until the situation changes.
Analysts thought the risk of a gray market for selling debt was high. So few people know what is being sold to whom, and abuses can occur during the second or even third sale of the debt. As a result, such debts may be off the official list of collectors.
August 20 RIA Novosti cited Equifax credit bureau data reportedIt was announced that the total debt of Russians to credit cards increased by 2% in July and exceeded 1.5 trillion rubles for the first time.