The volume and part of the problem loans are growing, for the first quarter they have increased by about 200 billion rubles.
The Russians were paying worse with the loans they took during the boom in 2023 and the first half of 2024. The mortgage, consumer and car loan now “ripe”. This has been proven by data by the Central Bank of Russia, the publication report The Moscow Times In the Telegram.
“The volume and part of the problem loans are growing, for the 1st quarter they have increased by about 200 billion rubles, or by nearly 2 billion rubles per day,” the report said.
Destruction in portfolio quality can be seen at the cost of risk: the ratio of reserve costs to the portfolio size.
Banks need to create more reserves. Thus, within three months, the cost of retail risk jumped from 2.1% to 3.6%, the central bank notes.
This is “higher than the average history value”, which is approximately 2%, the regulator note.
As we have written, the Russians have widely complained about inflation. Increasing prices disrupts Russians more – 67% of respondents indicated this in the main problem.
Banks widely refused Russians to loans
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.