The data on the level of debt burden of the country's population was announced by the head of the Central Bank of the Russian Federation Elvira Nabiullina during a speech to the State Duma deputies on November 25.
According to the head of the Central Bank, now Russia, despite the pandemic and the rapid drop in household incomes, is experiencing a boom in consumer lending, but this situation is not dangerous for the country's financial system.
“According to the Central Bank, in January-September, the Russians have increased their debt to banks by 1.774 trillion rubles, to 19.425 trillion. The total debt burden of the population, including loans to MFOs, has reached a historic record of 20.957 trillion rubles, adding 2.419 trillion over the past 12 months”, - reports finanz.ru.
According to Nabiullina, in the second quarter of this year, residents of the country, who faced a drop in income, took out loans in order to "maintain the level of consumption." Since the beginning of the year, the volume of overdue debt of individuals to banks has grown by 147 billion rubles, or 19%, and reached a historical maximum of 912 billion rubles. Nevertheless, the Central Bank claims that the explosive growth in lending has not yet led to a dangerous increase in the debt burden on borrowers.
Meanwhile, experts believe that a beautiful picture on the balance sheets of credit institutions is provided mainly by mortgages, which clients are trying to repay, by all means, but not everyone can cope with this load. Taking into account mortgages, the number of overdue loans in Russia this year reached a historic record level of 12.6 million units. In the past 9 months, this figure has been growing by 80-500 thousand monthly, the leaders in terms of growth are Crimea, Sevastopol and Chechnya. Most of the problem debtors today are in Moscow and the Moscow Region, as well as in the Krasnodar Territory. Least of all - in Ingushetia, Chukotka and Magadan region.