the Russians at the end of “coronavirus” April gave almost 2 times fewer loans compared with March, and twofold reduction in lending has occurred in most Russian regions, follows from the review of the international auditing and consulting network FinExpertiza.
according to analysts, for the last month, “when almost all Russian regions had quarantine measures, banks issued to individuals record-breaking 2.5 years worth of credits — 755 billion rubles.” Prior to that, the total amount granted for the month loans were lower only in January 2018: then, the Bank lent a population of 740 billion rubles, the survey suggests.
“lending to the population decreases on the background of stagnation in the economy. On the one hand, banks are tightening requirements for borrowers and more carefully analyze their financial situation, reducing the issuance of new consumer loans and credit card limits. On the other hand, in a situation of uncertainty and falling incomes, consumers themselves less actively take out loans, fearing to incur new debt. As the deterioration of solvency of the population the share of problem loans and arrears will continue to grow,” predicts the President of the network FinExpertiza Elena Trubnikova.
Recall 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. He also announced the beginning of implementation of the third package of anti-crisis mthe EP, in 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.
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