Banks Try to Avoid Future Bankrupts

Krasnodar, 11 March. The number of issued consumer credits in Kuban province went down, but the average amount of a credit, on the contrary, rose up.

In January 2020, banks issued 49,254 consumer credits, or by 11.3% less than in the same month of 2019, the National Bureau of Credit Histories (NBCH) states. 

“In many respects, it can be explained by the fact that last year’s introduction of the payment-to-income ratio only reinforced the conservatory approach of banks’ risk managers to unsecured credits,” NBCH Director Aleksandr Vikulin says. “In other words, banks now tend to assess their debtors more scrupulously and try to credit only those whose payment-to-income ratio and personal credit rating are at a due level. At the same time, they tend to issue higher amounts of money to their borrowers.” 

Experts believe that the fact that the sum of an average credit went up once again proves that only most trustworthy clients with the positive credit history and relatively high income can qualify for bank credits. But as soon as a bank has found a client with quite convincing financial state, it does not see a problem to issue them a good sum of money. 

In January 2020, the average amount of bank loans issued in Krasnodar province was 146,900 roubles, or by 3.3% more than in January 2019.

Besides, in January 2020 banks in Krasnodar province issued 28,900 credit cards. This was by 10.8% less than in January 2019 (32,400 cards). According to NBCH Marketing Director Aleksei Volkov, the situation in the segment of credit cards resembles that peculiar for other unsecured crediting services. The biggest fall was observed with regard to cards with big crediting limits (300,000+ roubles).

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