Russian banks have reduced consumer credit in December 2008

The leaders of the consumer credit market, Russian Standard Bank "and" Home Credit and Finance Bank, did not support the New Year sales boom - in December of their retail loan portfolios declined, the newspaper Vedomosti. According to monthly reports by Russian standards, in December 2008 the volume of loans to individuals in the bank "Russian Standard" has decreased by 4% to 112.5 billion rubles. (Data as of January 1, 2009). The share of overdue loans at the same time increased by 2% to 22 billion rubles., The newspaper notes. In "Home Credit and Finance Bank" Private loan volume declined by 0.2% to 65 billion rubles. Arrears at the same time also decreased, and by 7% to 10.9 billion rubles. These are the leaders of the market short of credits, according to the agency "RusRating. By early August, the share of Russian Standard, in their estimation, was 42%, and "Home Loan" - 15%.