In the conditions of crisis banks began to target clients with good credit history and to deny people from affected branches
Photo: Mikhail Tereshchenko / TASS
Banks have tightened requirements for potential borrowers in crisis. In National Bureau of credit history (NCB) indicate that in April, the citizens approved of only about 20% of the loan applications, which is the lowest level in 2017, when the experts began to conduct statistics.
As reported «Kommersant», the most number of approvals declined in the segment of consumer lending: at the end of April it only amounted to 19.6% compared with March. In the segment of car loans, the figure was 26.6%.
According to NCB, the decline in approval was due to citizens with low credit rating. If a year earlier the banks have agreed to loan 19% of these people, then this April the loan was only 12%. While applicants with a robust reputation to money has become easier: over the last month the loan was approved by 79% of borrowers from the upper range compared to 63% a year earlier.
the Demand for loans switched to growth after the failure of self-isolation
As noted by the head of the group providing services to the financial sector in the CIS E&Y Gennady Shinin, approval of the loan application in a crisis depends on a number of factors. For example, some banks suspend consideration of applications from citizens who are working in the affected industries, other increase the requirements for minimum employment at current place of work. The Shinin suggests that simultaneously with the restoration of business activity and incomes, the percentage of approvals will gradually gain momentum.
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As previously wrote RBC, the demand of borrowers for new loans, which fell sharply after the introduction of the regime of self-isolation (to 50.3%, from 30 March to 5 April) to mid-April began to recover. Thus, the total number of applications for loans submitted in the period from 13 to 19 April, amounted to 60,7% compared to the third week of March.
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