The volume of overdue debts, which was transferred to collectors in three months, soared by 60% compared to last year. From April to June 2019, the collectors received from Russian banks the debts of Russians in the amount of only 28 billion rubles, writes finanz.ru with reference to the study of the National Credit Ratings (NKR). As the NKR notes, this year the bulk of the Russian debt collectors was provided by two large banks - Tinkoff and Post Bank.
As explained in the agency, now banks are trying to get rid of problem assets in order to reduce the financial burden during the crisis. “Getting rid of the“ delay”, banks are reducing its share in their portfolios, which, although growing, still remains moderate. If at the beginning of April this figure was 10.1%, then by the end of June it rose only to 10.9%”, - the NKR officials note.
According to the agency, the situation is much worse in the microloan market, where the poorest strata of the population have taken loans at hundreds of percent per annum, since access to bank loans for them was limited. Earlier it was noted that the share of overdue loans in the portfolios of Russian microfinance organizations reached 42% at the end of the second quarter and continues to grow. Out of about 177 billion rubles issued in Russian MFOs, about 74.3 billion turned out to be problematic. The average amount of debt that Russians cannot pay to microfinance organizations is estimated at 14.4 thousand rubles. At the same time, interest on such loans is calculated at 300-350% with a loan term of one to two months.
According to ACRA analysts, by the fall of this year, Russian banks have restructured loans to Russians in the amount of over 734 billion rubles. Most of them fell on consumer loans, which accounted for 62% of the total volume of restructured loans. Almost a quarter of the approved requests were for mortgages. 12% of restructured loans are credit card debt.
According to the Central Bank, by mid-August, Russian banks received about 370 thousand applications for loan restructuring, about 40% of which were rejected by banks. “The main reason for the refusal is that the borrower was unable to confirm the fact of a decrease in his income over the past three months,” the regulator notes. At the same time, banks most often approved applications for restructuring mortgage loans - they were approved in 76.2% of cases. Also, every second application for changing the monthly payment and loan term for consumer loans and only a quarter of applications for car loans was approved. Earlier, the Central Bank has already predicted that every third Russian borrower will not be able to fulfill its obligations to banks due to the economic crisis this year. Most of the loans, which fell into the category of overdue during the pandemic, remained problematic for banks.
At the same time, as noted earlier, the Russians approached the crisis heavily indebted. On average, residents of the country owed banks 10.9% of their income. A quarter of borrowers were completely taken hostage by Russian banks, since they had to give them up to 80% of their salaries. Almost every second adult has a bank loan or a loan from an MFI. Moreover, every third person pays for several loans at once.