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CENTRAL BANK OF RUSSIA PROPOSED TO LIMIT PREFERENTIAL MORTGAGE LOANS

According to the head of the financial stability department of the Central Bank of Russia Elizaveta Danilova, the regulator is in favor of a gradual reduction in the issuance of preferential mortgages at 6.5% per annum. According to Danilova’s opinion, voiced in an interview with RIA Novosti, this is necessary to reduce excess risks. In the situation that has developed in recent years, it is possible to determine an increase in real estate ...

ALL-TIME MAXIMUM DEBT BURDEN OF POPULATION IS REPORTED IN RUSSIA

... reached 11.9%, having updated the figure of March, according to the results of the first quarter of this year. According to the Central Bank of the Russian Federation, the unsecured consumer loans played a decisive role in the increase in indicators, says ... ... was an increase in loan agreements, while the real income of the population did not grow. Despite the growth in the rate of mortgage lending, this fact did not have a significant impact on the increase in the debt burden. The reason, according to the ...

LOAN APPLICATIONS OF 60% RUSSIANS WERE REJECTED IN 2020

... 71.3% of Russians received loans. The National Bureau of Credit Histories notes that the increase in the number of approved mortgages is associated with the state support program. Thanks to the provided benefits for the purchase of housing in new buildings,... ... since the number of approved loans has gradually decreased over the past few years. This is associated with the measures of the Central Bank, which oblige to take into account the indicator of the debt burden of a potential client.

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