Sverdlovsk Region: Number of Consumer Loans Down 13.8% in August

20 September 2019 (09:15)

UrBC, Yekaterinburg, September 20, 2019. 50,867 consumer loans got issued within Sverdlovsk Region’s banking sector in August 2019, which was 13.8% less than one year earlier, the National Credit History Bureau reports.

Last month, the number of new consumer loans was at its highest in Moscow (70,800), Moscow Region (64,700), and Krasnodar Territory (57,700).

‘It’s obvious that the shrinking number of new consumer loans has to do with the banks’ lending policy growing ever more conservative, and with the Central Bank’s measures to ‘cool’ the retail lending market down. In other words, banks have been trying to get increasingly pickier when selecting their borrowers, going for the loan applicants with good credit history and reasonable income,’ says the Bureau’s Director-General Alexander Vikulin.

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