The crisis has strengthened the position of the largest state-owned banks in the Russian market of retail crediting

Revival of retail lending in 2010 will begin with the growth in consumer and mortgage loans, the study said, "Retail lending in Russia in 2009: At the low start", prepared by the rating agency "Expert RA". Consumer lending - the most technologically simple and legkoprodavaemym loan product, analysts said Judge RA. Its deployment is possible in a very short time, and the stakes can be high enough to cover all the risks and still provide a considerable margin. In addition, the pent-up demand in 2008-2009. can be sufficiently strong impetus for the growth of consumer loans. Demand for mortgage loans fueled by falling prices for real estate (an average of 10-20% in 2009) while waiting for many of its imminent rise in price. According to the survey, the total portfolio of loans to individuals of the banking sector for 10 months of 2009 decreased by 10,5%. In the first half of 2010 expected a slight increase - 7.5% - on the whole loan portfolio of natural persons. "The crisis has strengthened the position of the largest state-owned banks in the Russian market of retail lending. Strengthen the position also managed a number of banks through mergers and acquisitions (eg, MDM Bank has teamed up with URSA Bank, and Bank of Orient Express and the bank has absorbed Etalonbank Movement). The greatest reduction in loan portfolios PL showed retail banks with a high proportion of arrears ", - says head of service credit rating institutions," Expert RA "Irina Veliyeva. "In general we can talk about stabilizing the situation and the formation of the prerequisites for growth: We expect that in 2010 the market for retail lending will recover steadily," - says Bank.ru Delpal Philip, President of the Bank, BNP Paribas Vostok "and CEO of the Russian subsidiary of Cetelem . "Moreover, fundamentally, he has a good potential for development in the long term: for example, today the ratio of retail loans to GDP is only about 10%. Obvious signs of a reversal in the market began a gradual reduction of rates for different types of loans following the decline in refinancing and the gradual liberalization of credit conditions (reducing the size of down payment for loans, increasing the possible length of the loan). Thus, loans have become more accessible to the public. For such market segments as car loans, a positive influence as the state program of preferential car loan. Due to the overall stabilization of the economy, retail lending will continue to gradually regain lost because of the crisis position. This, in particular, connected with a sufficiently large pent-up demand from the public for banking services and, above all, on credit, which will be renewed with increasing confidence in the improving economic situation in the foreseeable future on the part of the population. We expect market growth next year, however, that growth is not as rapid as in recent years. Different areas of lending will recover at different rates, so a specific time frame is difficult to predict. Moreover, how will change the situation will very much depend on the macroeconomic performance and changes. The positive dynamics is observed in all directions, in particular, this applies to consumer credit, car loans, we also expect the recovery of the mortgage market. In the mortgage sector has decreased the cost of housing, and improving credit conditions, which now happens to be also implemented pent-up demand for mortgage loans. An additional factor is the fact that in Russia, the penetration rate mortgages are very low compared with Western European countries and the demand for housing is great. Therefore, we can expect some growth in this direction too, "- said the President of the Bank, BNP Paribas Vostok»