Погода
14 Февраля 2020
Foreigners

Mortgage Arrears Rise to Decade Highs’

Источник фото: Андрей Зубило
Источник фото: Андрей Зубило

Krasnodar, 14 February – Yug Times. Inhabitants of Krasnodar province have reportedly begun to more often delay payments of their mortgage loans, Debt Consultant collector agency analysis concluded based on the Bank of Russia’s reports and their own database. Say, the mortgage arrears (i.e. defaulted payments for over 90 days) in the region grew to 9.2% in 2019. As on January 1, 2020, the aggregate debt of credits against realty amounted to 2.63 billion roubles in Krasnodar province. 

As on November 1, 2019, Kuban flat owners owed 2.52 billion roubles as overdue debts. It means that over two months, the aggregate debt on mortgage loans grew by approx. 110 million roubles. 

Experts stated that overdue mortgage credits are becoming younger. In the past, most of defaulted credits were those taken at least three years before; now, credits taken as recently as one year ago are becoming overdue. The failures to pay for the credits began against a background of growing demand for mortgage credits, including those taken for rental purposes rather than dwelling, analysts stated. 

According to Freedom Finance Investment Company, the accumulated debt in the sector of crediting nonfinancial entities adjacent to mortgage credits grew to 8% in 2019, reaching the fifteen years’ highs. 

“This situation reflects potential problems for the banks related with the necessity of obtaining substantial additional capital from regulators, or reducing the assets due to the worsening macroeconomic situation,” Freedom Finance’s Russian Trading Department Analyst Aleksandr Osin says. “Banks are forced to be looking for new market niches that have not been debt-ladened yet. But these niches are riskier. An example of such high-risk forced transformation is the growing share of credits issued for the youth and the elderly. Over a half of all mortgage loans issued last year fell for the clients under 30 y.o. Over the past ten years, their share grew from 20 to 55%.”



Читайте также:

Yelena Vorobyova: “Remote Education Will Be Available for Every Kuban Student”
07 Апреля
Foreigners

Yelena Vorobyova: “Remote Education Will Be Available for Every Kuban Student”

Our today’s interviewee is Yelena Vorobyova, Minister of Education and Science of Krasnodar krai.
People Lose Sense of Security
03 Апреля
Foreigners

People Lose Sense of Security

People were seen rushing to supermarkets to buy ‘essentials’ in bulk.
Renewed Maternity Hospital
03 Апреля
Foreigners

Renewed Maternity Hospital

By next July, the reconstruction of the perinatal centre of Maikop City Hospital will reportedly be ...
Wasteland to Be Turned into Boulevard
02 Апреля
Foreigners

Wasteland to Be Turned into Boulevard

A new green zone will reportedly be formed in Krasnodar’s Muzykalny residential neighbourhood.
Sergei Ivanov: “Krasnodar Developers Must Get to New Quality Level”
02 Апреля
Foreigners

Sergei Ivanov: “Krasnodar Developers Must Get to New Quality Level”

Today our guest is Sergei Ivanov, President of Development Yug Construction Company.
New Junctions to Relieve Roads in Krasnodar
01 Апреля
Foreigners

New Junctions to Relieve Roads in Krasnodar

The budget will allocate 27.3 billion roubles for the implementation of three motor road mega-projec...
20:27 Предприниматели Кубани оказали помощь медучреждениям 19:54 В сафари-парке Краснодара выкормили краснокнижного лемура 19:37 В Сочи режим карантина нарушили около ста водителей 19:08 ФНС России предложила меры поддержки бизнеса в условиях пандемии 18:07 Систему госпиталей для больных коронавирусом развернули в Краснодарском крае 17:53 О ситуации с бизнесом отельеров на Кубани рассказала представитель отрасли 17:26 В Краснодаре ежедневно дезинфицируют 800 км дорог и тротуаров 17:01 Жители Кубани привыкают к работе в режиме карантина 16:35 Пятеро прилетевших в Краснодар из Санкт-Петербурга отправлены в обсерватор 16:25 В Адыгее на базе здравницы и санатория организуют обсерваторы
Обмен трафиком СМИ2