Adoption of amendments that endow the Central Bank with the right to direct quantitative restrictions (PKO) on loans may have systemic risks for Russian borrowers. This is stated in the letter of the Association of Banks of Russia (ADB) to the Ministry of Finance. A detailed report on the draft law is aimed at the request of the ministry, in an interview with RBC Vice-President ADB Alexey Falukov.
The letter emphasizes that the introduction of direct prohibitions for issuing certain types of loans can be effective to deter trade intermediaries or non-bank ecosystems, entering into lease transactions or contacting illegal lenders at all.
The Bank of Russia noted that the country is growing a share of loans with a high defense rate (PD) – when the borrower spends more than 80 percent of its monthly income on loans payments. According to the head of the Department of Financial Stability, the Central Bank Elizabeth Danilova, now this indicator is held at 30 percent.
Walukov recognizes that the problem of slaughterism in the country is, but he is sure that the limits of tanks will not decide. “If you cannot receive money in banks, and they are needed to customer, he will go to the MFI, it cannot be obtained – it will go somewhere. Accordingly, if the demand arises, the shadow, illegal loan market is formed,” the waluses explained.
At the same time, the risk of borrower’s care to “black lenders” also see microfinance organizations, which in the future can also get under the enhanced regulation. The Director of the Profile SRO “Mir” Elena Strajev believes that all restrictions “in the legal field” must be accompanied by measures to counter illegal lending.
Earlier, the University of Synergy conducted a study by studying what goals most often take a loan Russians. Mortgage lending was the most popular in the country. With such a goal, 28.8 percent of respondents appealed to banks. Another 20.4 percent get a loan to buy a car, 19.4 percent – to purchase a gadget and household appliances, 15.9 percent for repairs. About 8.8 percent took a loan to the repayment of old debts. The least Russians are taking loans for travel, health, helping native, training and organizing activities (less than 10 percent).