It's no secret that the credit market - among the hardest hit by the crisis. However, in 2009, relatively successful for the Russian economy gave him hope for a speedy recovery. That's what we wanted to talk to someone. Well, with what else we do not talk like a man who knows all about loans? Present to your attention an interview with Irina Mandrakovoy, head of sector lending to individuals Smolensky Bank. Irina, tell us how today is the situation in the retail lending market in Russia? During 2009, the number and volume of loans issued in the country dropped nearly in half. If we turn to central bank statistics, we can see that by October 2008 the bank issued loans to individuals amounting to 3.2 trillion. rubles, and by October of 2009 - only 1.8 trillion. rubles. Picture of the expected: the crisis banks sharply attended to the quality of loan portfolios, more stringent conditions for granting loans. If in the first half of the year lending market experienced a real stagnation, especially in such expensive products, like mortgages, already somewhere in the middle of the year there has been a gradual recovery. The volume of loans granted by banks is gradually increasing. The growth of lending activity is associated primarily with the growth needs of the population - gradually declining unemployment, rising wage levels. I believe that this year will be the most actively-growing segment of credit cards, car loans, personal loans. This development is directly linked to increasing customer demand. Today, banks are interested primarily in short-term loan products with high yields. The most likely quickly return to pre-crisis conditions for the issue of consumer credit. In what segments of the credit has the highest recovery? In recent months, marked by increased activity in the consumer credit market. Banks will again offer attractive loan programs. Interest rates for this type of lending on average decreased by 5.7%. Some growth is observed in the area of ??mortgage lending. This is evidenced by the increased number of applications. With regard to rates in this segment, it has been a recent reduction in their active. Average rates on car loans, on average decreased by 2.4%. Today they range from 15.5% to 21% per annum in rubles for the purchase of new foreign cars, from 18,5% to 23% per annum in rubles to buy used cars. However, conditions remain tough issue: the average auto loan granted for 3 years, although previously issued for up to 7 years. Due to the growing delay stricter requirements for a down payment. I think in 2010, lower rates for all types of lending to continue. Proposal automakers its lending programs, will certainly grow again this year. Due to this banks will be able to provide car loans at preferential rates. The probability of state subsidies on mortgage rates. How to change the requirements for borrowers? Naturally, in 2009 the situation with the issuance of loans has changed dramatically. Banks have become more attentive to credit risks, which resulted in stricter requirements for borrowers (such as their age and seniority, wage level), the subject of the pledge, to the size of down payment the customer's trust loans to purchase real estate and automobiles, to loan period. As banks began to actively use the basic tools of risk management. Bad credit history almost immediately reduces the chances of obtaining a new loan to zero. However, with the end of the crisis in 2010, the year I think the banks again, gradually begin to soften the terms and conditions will apply to borrowers loyal. What advice can you give to borrowers who can not repay the loan in a timely manner due to job loss or lack of financial support? If the borrower can not be any time repay the loan, due to job loss, in which case he should write a letter to the head of the bank. Most likely, the bank will meet the borrower in the event that during the whole period of cooperation with the bank he did not tolerate delays in payments. The Bank will grant a delay until the borrower finds a new job. However, it is important to remember that the issue of late payment is considered by the bank individually with each client. Please tell us about the program state aid subprime borrowers. The program is now being actively developed. Thus, the Agency for Housing Mortgage Lending is planning to tie the interest rate on the mortgage to the Central Bank refinancing rate. Mortgage loans will be issued under the refinancing rate plus 0-2,5%, depending on the details of the agreement. On the market today are proposals to get mortgages at low rates, for example, from 10,5% per annum. Consequently, we can assume that the strong decrease in rates after the offer HMLA will not. In addition, the Central Bank can not only lower the rate, but also increase if inflation is once again beginning to rise, no. To insure the borrower and the lender against fluctuations of rates, HMLA proposes a corridor of possible variations - from 5 to 20% per annum. However, in this case, must meet one more condition. At the stage of the loan to a borrower would face stricter requirements, particularly in terms of income received by them: it should be high, so even if the rate change in a big way and increase the monthly payment he could continue to service mortgage loans taken by him. Recover a pre-crisis level in the mortgage market? Mortgage lending market most affected by the crisis. Predict, will recover or not the pre-crisis level, very difficult. Too many factors beyond the long-term forecasts, have an influence. Definitely, at this point in Smolensk Bank has noticeably increased customer interest in mortgage lending. If we compare the period from November to December of 2008 and 2009, then in 2009 the number had already granted loans during this period increased by 30% compared with 2008. This may be due to the fact that at the moment the Bank has developed a program of mortgage lending, offering the most loyal conditions relating to the amount of interest rates and loan terms on mortgages on the market. Mortgage lending in 2009 could be obtained by 10-11%. For example, the average rate on outstanding mortgage loans in Smolensk, the Bank is in this range. To date, we can confidently say that it is this rate, as well as lending for quite a long time make mortgage loans available for borrowers.
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