The Bank of Russia will consider in the fourth quarter of 2021 the issue of changing the formula for calculating the Debt Load Indicator (PND). This is reported on the website of the Central Bank.
The Central Bank plans to increase macroprudential surcharges to risk coefficients on long-term deadlines and on loans for Russians with high debt burden. In the second quarter of 2021, banks issued 21 percent of long-term loans (for a period of five years) – almost twice as much as before the rank of pandemic. Upon receipt of such loans, the risk of a borrower default in the first year increases twice as compared with loans for less than five years.
At the end of September, the Chairman of the Central Bank Elvira Nabiullina called on senators to limit the amount of overpayment of loans. According to her, people should immediately see the honest cost of the loan with all the “screwed options”. While this measure is valid for the mortgage.
In a conversation with members of the Council of the Federation, Nabiullin also rejected the idea of forgive the debts on loans to young families. She noted that the write-off of loans is unfair to honest borrowers. Over the past month, Russians have crushed loans for 10 billion rubles, and from the beginning of the year – by 73 billion (plus 7.9 percent compared to the same period last year).