Average size limit on credit cards in Russia for the first time in the year fell below 50 thousand rubles. From June to September this figure fell by 16.7%, or almost 10 thousand rubles, and is now of 49.1 thousand rubles, reported on Monday the National Bureau of credit histories (NBCH).
Banks forced to lower credit limits because of the delay, said General Director nbki Alexander Vikulin.
“In the summer and early autumn of this year the situation is overdue in this segment of retail lending was not stable, and the banks in this period gradually reduced their appetite for risk. The rate of credit cards issued and the volume of loans remained at a high level, declined only credit limits”, – said Vikulin.
According to the Bank, for January – August overdue loans of individuals increased by 6.9% and amounted to 921,2 billion. In relation to the total volume of issued loans overdue debt amounted to 1 September to 8.6%.
First and foremost, the decline has hit young borrowers in the age group of 30-39 credit cards lost 17.6% (the average limit – 54 818 rubles), for young people aged 25 to 29 years – 17.1% (the average limit 43 717 rubles).
In some regions, the limits were drastically reduced, as, for example, in Ingushetia: from 56.5 thousand to 32.9 thousand, or 41.7%.
One-third reduction in the limits in the Belgorod oblast, the Chuvash Republic, Astrakhan, Pskov and Ivanovo regions. A significant growth rate – 37.8% – was recorded only in Chukotka (up to 139,9 thousand rubles).