the Insolvency of Bank borrowers received a new cause – a coronavirus-isolation. A month of such a regime many Russians led to a lack of money, and in April the proportion of debtors who refuse to pay the loans due to financial difficulties, increased by 10 percentage points to 60%.
whereas a year earlier only 18% of these customers explained defaults from job loss, then this April they became 30%. 40% increase in the proportion of those who link their financial difficulties with a drop in income, since most employers for the hours a month at best paid workers the “bare fare” – with no premiums and other allowances. RBC reports, citing the National Association of professional collection agencies (NAPCA) and the big banks.
“Despite the fact that the debtors themselves refer directly to the coronavirus, in fact only in a few cases – less than 1% – we understand that the pandemic has become a powerful factor negatively affecting the debtors”, – told reporters the President of NAPCA Elman Mehdiyev. He added that the regime of isolation of the affected in a “negative way” and the clients that have never made a late payment on the loan.
But in late April, about the same risk warned the Governor of the Bank of Russia Elvira Nabiullina – the Central Bank “expects growth of arrears and bad loans in the current economic situation on the background of the pandemic coronavirus”. According to her, “now the most vulnerable borrowers, whose incomes plummeted – this, of course, citizens – by our estimate, more than half of the banks’ borrowers – a large part of small and medium enterprises as well as companies in the affected industries.” And these groups of borrowers, according to preliminary calculations of the Central Bank of the Russian Federation, together account for about 19 trillion rubles, or about one-third of the total loan portfolio.
