Issuance of consumer loans decreased by 7% per month

Issuance of consumer loans decreased by 7% per month
Issuance of consumer loans decreased by 7% per month
14 October, 11:06Society
In September 2021, banks issued 1.17 million consumer loans to Russians in the amount of 362.5 billion rubles, which is almost 7% less than in August.

According to TASS, citing data from the credit bureau Equifax, such dynamics is due to an increase in the key rate, which led to an increase in nominal consumer lending rates, as well as a tightening of regulatory rhetoric in the market aimed at limiting the issuance of unsecured loans.

Earlier, the head of the Central Bank Elvira Nabiullina indicated that the regulator intends to impose a direct restriction on the issuance of consumer loans for credit institutions, since the Central Bank "cannot turn a blind eye to how quickly demand is growing now". Nabiullina is confident that this accelerates inflation. The limit will be reviewed every three months.

In the meantime, more than 400 thousand Russians have received bankruptcy status, having failed to cope with the accumulated debts. Compared to 2019, the rate of ruin of the country's citizens has doubled. The average Russian owes banks over 191,000 rubles. Debt of individuals is 3.5 times higher than debts of legal entities and individual entrepreneurs.

As for loans from MFOs, Russians also cannot cope with borrowed loans - in the second quarter of this year, they began to miss payments more often.

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