The share of overdue foreign currency loans of Russians on may 1, increased to 31.8%

© RIA Novosti / Natalia to Seliverstova in fotobanka % The share of overdue foreign currency loans of Russians on may 1, increased to 31.8%© RIA Novosti / Natalia to Seliverstova the image Bank

The share of overdue debt on loans granted in the Russian Federation physical persons — residents in foreign currency reached 31.8% on may 1, 2017 to 26% on may 1, 2016, from the data of the Bank of Russia.

The situation for retail loans in rubles significantly better: the share of arrears in this segment in Russia as a whole as of may 1 amounted to 7.8%. Thus, the share of overdue foreign currency loans in 4 times exceeds the level of overdue ruble loans.

The chief of analytical management of BKF Bank Maxim Osadchy noted that the increase in the share of delay intensified due to the double devaluation of the ruble in December 2014. If in 2014 the share of overdue loans grew by only 1.3 percentage points — from 14.4% to 15.7%, in 2015 – already by 5.8 percentage points — from 15.7% to 21.4%. However, in 2016 it rose by 8.3 percentage points, from 21.4% to 29.7%.

«The condition of the currency of the retail loan portfolio was significantly worse than the ruble-denominated retail loan portfolio due to the fact that borrowers-residents receive income primarily in rubles,» — said the expert.

The largest share of overdue foreign currency retail loans by Federal districts registered in the Siberian Federal district, 47.2 per cent on may 1, 2017.

The largest share of overdue foreign currency loans by region as at the reporting date was registered in the Altai Republic – 100%. In second place – Sevastopol – of 81.3%. The third – the Republic of North Ossetia – Alania is 80.6%.

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