The growth of arrears on mortgages has coincided with an increase of its issuance

For I quarter 2011 the Russian banks has sharply increased the number of troubled mortgages, evidenced by the statistics of the Central Bank. If at the beginning of the year was expired, one in eight credit, by April - one in six. About this newspaper Vedomosti on Thursday, May 5. Level of problem mortgages in the I quarter of 2011 increased from 12,2 to 16,6%, the statistics show the Central Bank. This is a record high value since the beginning of 2010, when the Central Bank began to consider mortgage arrears in full - not just late payments (RAS method), and the whole body "tainted" credit from the first day of delay. Strongest increase in the number of problem loans overdue by 30 days - from 4,4 to 7%, as well as loans overdue for more than six months - from 5,1 to 5,9%. In this case, the technique RAS quality mortgage loans stabilized - the level of arrears on mortgages in the I quarter has decreased to 3,6%. In late 2010, it amounted to 3,7% - this was the maximum value during the crisis, but at the end of 2008 - 1,1%. As the newspaper notes, the sharp increase in problem loans occurs simultaneously with an increase in issuance of mortgage. For the I quarter of banks have issued loans worth 103.2 billion rubles. That more than two times higher than a year ago. "Extradition is growing - come and new borrowers, and those who took a mortgage a few years ago at high rates and are refinanced, but refinancing does not lead to an increase in problem loans," - said vice-president VTB 24 "George Ter-Aristokesyants. Mortgage lenders themselves to the problem include loans past due over 90 days and, on their confidence, do not notice the deterioration: the "VTB 24" level of concern mortgage is about 5%, Raiffeisenbank - 7,3%, the HMLA - 9,3% . Indeed, in March 2011, there has been some deterioration in the structure of the mortgage portfolio, recognized head of analytical department HMLA Anna Lyubimtsev. "Part of this variability is driven by seasonal factors - in the first months of the year is usually observed deterioration in retail loans in the banking sector, - she said. - Due to numerous festivals and general lull in I quarter has traditionally suffer earnings of workers employed on piece-rate system, as well as those associated with seasonal types of business. "