The share of loans with a high debt burden exceeds the pre-pandemic level, the regulator says – Business & Economy

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MOSCOW, June 28. / TASS /. Share of loans with high leverage [ratio of payments on loans to borrower’s income] has already exceeded the pre-pandemic level, Elizaveta Danilova, director of the Financial Stability Department of the Central Bank of Russia, said at the forum on Monday.

According to the files to Danilova’s report, the share of loans with a leverage ratio of more than 100% was 23.5% in Q1 2021 compared to 17.5% in the same period in 2020 and almost 20% in Q4 2021.

“The growth rates for unsecured loans are approaching 20%, while the share of loans with a high debt burden has already exceeded the pre-pandemic level. In this regard, the Bank of Russia has already begun to return to the level of premiums set before the start of the pandemic. a pandemic in unsecured consumer loans and mortgages, ”she said.

Danilova noted that the debt burden of Russian households continues to grow, so it is necessary not only to ensure the formation of capital reserves by banks, but also to directly limit the debt burden of citizens by introducing quantitative restrictions on the issuance of risky loans.

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