a bill that obliges banks to inform borrowers about leverage the pastor pitch to sell more the risks if their DTI exces 50%. Do you think this will really affect the overall situation, and the bank’s warning will affect citizens’ decisions to take or refuse a loan? Maybe there are already some statistics in this regard?
— In 2019, the Bank of Russia recommend
that banks and microfinance organizations (MFOs) notify the borrower of their debt burden indicator. Now, starting in 2024, the law obliges the lender to warn the borrower in writing of the risks if their DTI is higher than 50%. We believe that additional information to the borrower about the debt burden will contribute to a more inform decision about taking out a loan.
— How do you assess the processes of lending and saving in foreign currencies (loans in yuan exist so far only for corporate clients, but individuals can also open deposits in Chinese currency)? Should this practice be expand?
— Citizens mainly receive income in rubles
so foreign currency lending to individuals has an increas risk associat with changes in the exchange rate, regardless of the currency in which the claims are denominat. This is well illustrat by the situation with foreign currency mortgages common mistakes in social mia seo and how to avoid them that arose in 2014. Despite the relatively small share of such loans in the total mortgage portfolio of banks (about 4%), the problem turn out to be socially significant, and measures agb directory were taken to support such borrowers.
