The decline in Sberbank rates on consumer loans indicates a decrease in the income of the population and can lead to social explosion. This view of the “Rosbalt” was expressed by the Chairman of Arbitration court of arbitration of Moscow Alexey Kravtsov.
In his opinion, such “opportunities of advertising of consumer credits” the state should limit by analogy with tobacco products. Earlier on Monday, the management of “Sberbank” reported a decline from may 16, interest rates on consumer credits to pre-crisis level — a value of 1.1% and 4.1%.
“If a person has a good job, then he doesn’t need to borrow. And today the work of the population and in order to live, people are forced to borrow. But the money should be returned. In the absence of work, it will lead to debt load of the population, and then to a social explosion. The lower rates in this case is a disturbing signal: after a year “savings” would be just as well to report that the number of claims to the borrowers on the consumer credits has increased,” — said Kravtsov.
He called the statement the “savings” promotion “of the product in the form of consumer credits” and proposed to limit the credit institution in the possibilities of advertising of consumer credits — similar to tobacco products.
“Sberbank is a commercial structure, its purpose – profit. The promotion of the product in the form of consumer credits – it is logical for a commercial organization. (…) Another thing – the state. If it does not want credit collapse, it is necessary to limit the capacity of banks to advertising of consumer credits, by analogy with the advertising of cigarettes”, – concluded the head of arbitration court of Arbitration of Moscow.
