the Average size of a microloan (or “loan till payday” to 30 thousand rubles) in Russia decreased in April by 5.3% from the previous month and amounted to 7,65 thousand rubles, follows from the review of the National credit bureaus.
As experts of nbki, while in April the figure showed the minimum value over the past year.
“the Fall” microlending in April compared with March was not as “deep” as in the segments of consumer loans and credit cards — says marketing Director of NCB Alexey Volkov. — However, it is also a serious decline, and restoration of the market PDL loans take some time.”
At NCB believe that “reducing the average size of a microloan is largely due to the fact that citizens are trying to reduce the debt burden in the face of economic uncertainty”.
we also Recall that in late may, released data according to which month, after isolation of the pandemic coronavirus infection COVID-19 had a negative impact on the portfolio quality of the Russian microfinance institutions (MFIs). According to estimates of Bureau of credit stories (BKI) “Equifax,” on may 1, the volume of outstanding microloans increased to 51.3 billion rubles and made up 34.3% of the total portfolio. Experts of BCI relate to the problem, those micro-loans, payments for which were made more than 90 days (NPL90+). By 1 April this delay accounted for 32.1% of the portfolio, as of March 1, is 30.5%.
let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia approved in the fonly packages of measures to support the economy and citizens.
may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national plan for long-term development of the economy, the recovery in employment and incomes.
on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.
on 2 June Prime Minister Mikhail Mishustin presented to the President a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.
Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to COVIDfirstname.lastname@example.org