Know where the Russians used some

Payments of benefits to children from three to 16 years for 10 thousand rubles, which Russian President Vladimir Putin has proposed (twice, in may and June) as a support in crisis and pandemic coronavirus infection COVID-19, had a positive impact on the repayment of microloans. This is stated in the review of the payment service CloudPayments, who has studied momentum 133 microfinance institutions (MFIs).

Experts point out that since April, when Russia introduced a state of isolation, the amount of repayments online loans, fell sharply. The number of translations in MFIs began to grow only in the second week of June, after the beginning of the month the Russians began to receive lump sums for children. CloudPayments also recorded bursts of refunds microloan to a specific date when the state aid received to a large number of Russians, according to RBC.

Previously the Bank of Russia has estimated that by the end of the first quarter of 2020 the volume of issued microloans to the population was 177 billion rubles. In April and may, the portfolio was reduced, noted the regulator, without revealing specific values.

“In our view, a change in the trend is due to the fact that the allowances have helped people to improve their financial position and begin to close the accumulated debt,” — explained the CEO CloudPayments Dmitry Spiridonov.

we will Remind that following the results of II quarter of this year, microfinance institutions (MFIs) in Russia issued 30% fewer loans in 45 billion roubles for the first three months of the year, when the volume of issuance amounted to 65 billion rubles. Such data is resulted in the financial marketplace “Юником24”.

however, note that from mid-may recovering market and the amount of disbursements that are primarily associated with the gradual removal of restrictions and resumption of work of enterprises and shopping malls.

In early June it became known that the average size of a microloan (or “loan till payday” to 30 thousand rubles) in Russia decreaseI in April of the current year by 5.3% from the previous month and amounted to 7,65 thousand rubles. However, stated the experts of the National Bureau of credit histories (nbki), 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 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, 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, was sent to the President a revised draft the plan.