Krasnodar, 31 January – Yug Times. According to the latest data announced by the National Bureau of Credit Histories (NBCH), the share of credit applications approved by banks to Kuban residents in 2019 was 33.5% only. Aleksei Bolkov, NBCH Marketing Director, noted that the level of approval of credit application had been going down for a second year running. “The reasons for that decrease may be the Bank of Russia’s regulatory activities aimed at reduction of the citizens’ debt load, modest rise of people’s income and at the same time high demand for credits,” Mr. Volkov stated.
According to the MInBank, it was consumer crediting that showed the most noticeable refusal trend.
“We see several reasons for that trend: the growing number of persons that are repaying credits, and a huge percentage of overdue debts on the credits that were issued earlier,” the bank’s press service commented.
Most of the refusals had to do with unsecured loans and credit cards – 33.9% approvals versus 39.1% in 2018. The number of care credits also dropped down to 43.5%. However, the percentage of approved mortgage credits remained high – 65.6%.
In his turn, Aleksandr Pyshnoi, Head of Kuban Credit Bank’s Retail Business Department, said that the transition to the system of online submission of applications may also be distinguished as one of the main reasons for the decrease in the number of approved credits. “On one hand, the procedure is being simplified, and it brings the relationship between the client and the bank to a new level; on the other hand, the quality of the submitted online applications leaves much to be desired, and it is an additional reason for the refusal.”
According to the Banki.ru information analytical agency, even despite the persisting high speed of growing of the volume of consumer credits, there are all grounds to assumer that in 2020 the Central Bank will be able to achieve the much-desired deceleration of retail crediting to the levels of 10 to 15%.
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