the completion of the acute phase of the crisis and the pandemic coronavirus infection COVID-19 did not improve the situation with problem debts in Russia: in may and June, when the country gradually began to remove sanitary barriers, there has been a marked growth of overdue debts on retail loans. These are the findings of one of the three largest credit bureaus “Equifax”.
According to experts, in June almost 365 thousand loan agreements in the amount of 5.9 billion rubles has not been serviced for over a month. Since April the number has increased by 38.8%, and the amount of bad debt by 80%. About 269 thousand credits payments were received more than two months, their volume in June reached 5.4 billion rubles, adding since the beginning of the crisis, to 19.9%, according to RBC.
“the arrears arising during coronavirus restrictions migrates from short to long”, — says General Director of “Equifax” Oleg Lagutkin. According to estimates of the Bureau, the transition rate is close to 90%, that is, it is this share occurred in April of debt is not returned to the normal schedule of payments. Apparently, the expert, their collection is difficult for banks.
we will Remind, last week it became known that the Russian banks in the second quarter of the current year issued 2.54 million in consumer loans, down by 45.3 per cent less than in the same period last year (4.65 million), follows from the review of the National Bureau of credit histories (NBCH).
At the same time in June compared to the previous month was recorded an increase in the issuance of consumer credits — by 20.7% to 1.03 million.
overall for the first half of 2020, “the drop in consumer loans was not so radical”, experts stress. So, for the first 6 months of 2020 has been issued consumer credits of 6.65 million or 27.5% compared with the same period last year (in the 1st half of 2019 — of 9.18 million).
Commenting on the data, the marketing Director of nbki Alexey Volkov noted that “the drop in issuance of consumer loans in the second quarter of 2020 compared with the same period last year were quite substantial.” “On the one hand, risk management of banks, still maintains a conservative approach when lending to citizens. Therefore, in April—June, consumer loans are issued only to those whose level of debt and the value personal credit rating remained at a high level,” — says the expert.
we also 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 adopted several 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.
on 2 June Prime Minister Mikhail Mishustin reported on the nationwide state plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will amount to about 5 trillion roubles. June 19, Putin was sent a revised draft of the national plan.
July 2, Deputy Minister of Finance of the Russian Federation Vladimir Kolychev said that the total cost of the measures (the bailout package), aimed at combating the spread of coronavirus infection in Russia and mitigating economic impacts from restrictions imposed, estimated to be worth about 4 trillion rubles. According to him, the main focus of the budget measures were made in several areas: health system strengthening, support of citizens and business, military ballansarovna regional budgets.