UBRD: Number of Non-Payers Down 33%

29 June 2016 (12:04)

UrBC, Yekaterinburg, June 29, 2016. The number of the Ural Bank for Reconstruction & Development’s customers who failed to make their very first loan repayments declined by 33% in the five months of 2016 compared with January-May 2015, the bank’s press service reports.

The overall amount of past-due debts also went down by 12%. Also, the share of the bank’s private customer loan book that this amount constitutes is now 2% less than one year earlier.

According to the bank’s Retail Credit Risk Control Director Alexander Trofimov, they have been working to improve the borrowing parties’ performance since mid-2014.

‘First of all, the bank introduced a more effective evaluation mechanism for loan applicants and adopted a more conservative approach in how decisions were made. Secondly, the focus got shifted from offering loans to first-time customers to offering these to our existing customers with a bank card and a good credit history. All this resulted in fewer NPL loses in 2015 and the first half of 2016,’ Trofimov says.

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