The debt burden of Russians has grown to a record in the entire history of 11.7 percent, reaching a peak. In the Central Bank, it was tied with a coronavirus pandemic and with a decrease in income of the population, writes RBC with reference to the data from the presentation of the regulator.
For the fourth quarter, the debt load of Russians increased by 0.6 percentage points, and from the crisis April 2020 – by 0.8. The indicator reflects payments of borrowers on loans regarding income. By January, the average level of payments for unsecured loans was 9.8 percent of earnings, and the mortgage is 1.9 percent. The reduction in loan rates on loans has been a deterrent to increase loans, noted in the Central Bank.
Earlier it was reported that the Central Bank wanted to limit the volume of issuing certain types of loans. The corresponding bill was introduced to the State Duma. In the case of its adoption, the Central Bank will be able to limit the volume of issuance of specific types of loans to prevent the accumulation of risks of borrowers. The main limitations will affect individuals.
The regulator has already performed with a similar initiative in 2019, when the growth of unsecured lending was recorded in Russia. However, until now, the Central Bank did not have such an opportunity.