Central Bank concerned over growth in retail loans

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www.vsyako.netPhoto: Eugene biyatov / RIA Novosti

TSB has alerted the growth of retail lending. Warned by the first Deputy Chairman of the Central Bank Dmitry Tulin, this can be a trap for both the public and banks, reports owned by the family Demyan Kudryavtsev, the newspaper “Vedomosti”.

“People are probably tired to continue to lead such an ascetic life. Part of the population takes consumer loans to at least maintain the level of consumption,” explained Tulin rapid increase in unsecured retail loans after the decline in real earnings in 2015-2017.

The representative of the Governor acknowledged that while measures of the Bank of Russia to reduce the annual growth rate of unsecured loans have not been successful, although it affect the monthly and quarterly data.

In the first quarter, according to Frank RG, the Russians received loans in the amount of 1.9 trillion rubles, most of which (1.05 trillion) is earmarked unsecured loans.

This is 25 percent more than in January — March 2018. The total volume of issuance of retail loans rose 16 percent, mortgages rose by 3.5 percent.

The portfolio of unsecured consumer loans, according to the Central Bank, rose in March compared to the previous month by 2 percent. The growth is explained by the increase in the size of loans issued. According to estimates of experts, the new borrowers do not appear in sufficient volume, simply increase your existing debts. This can lead to repetition of the crisis in 2014, when did not come back, every fourth loan of the most expensive.

Video, photo All from Russia.

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