UrBC, Yekaterinburg, September 22, 2017. Sverdlovsk Region-based likely bankrupts are now five months older on average that six months ago: their age now comes to 43.6 years, National Credit History Bureau’s press service reports.

According to the Bureau, the nation-wide share of borrowers and likely bankrupts in the under-thirty age group came to 8.6% in early September, which was 1.2% less than six months previously. People in the most economically active age group (30 to 50 years old) made up 63% of all likely bankrupts, which was 0.2% more than six months previously. As for those in the 60+ age group, their share of likely bankrupts rose from 5.7% to 6.5% in the course of six months.

Likely bankrupts are people to whom personal bankruptcy legislation may apply (past-due retail loan repayments amounting to more than RUR 500,000 that haven’t been paid in ninety days or longer).

‘The fact that there are now fewer younger people among loan applicants indicates that banks are being extra cautious about this market segment. They limit their offers to credit cards with a moderate overdraft amount. Banks have more trust in the retirement-age borrowers, who have a more stable and more predictable financial situation,’ says the Bureau’s Director-General Alexander Vikulin.