Russia has sharply reduced the volume of microlending

Microfinance institutions (MFIs) in Russia is given in II quarter of current year at 30% less 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 results 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 reopening of businesses and shopping centers, reports TASS.

Recall that in early June it became known that 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. 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.

11 mthe first President of the Russian Federation 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 on several fronts: strengthening health systems, supporting citizens and businesses, the balancing of regional budgets.

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