The regulator refused to review the calculation of the total cost of credit
The Central Bank is not going to be excluded from the calculation of the average market value of the total cost of credit (PSK) loans issued to salary and pension clients of the banks at a concessional rate. This “news” reported by the official representatives of the regulator. To change the method of calculation of the UCS and to make appropriate amendments to the law on consumer credits, the Central Bank invited the national Council of financial market (NSFR).
In the explanatory note to the bill of the bankers said that the average UCS is constantly decreasing. At the same time, the current method of calculation of the UCS (including customers who receive Bank salaries and pensions) leads to further distortion.
The Central Bank quarterly calculates and publishes the value of UCS, above which banks do not have the right to set the rates on loans for different categories of loans. At the same time the law on consumer credits (p. 10 V. 6) “average market value PSK is calculated as a weighted average of not less than one hundred of the largest lenders in the relevant category consumer loan (loan) or not less than one-third of the total number of creditors offering appropriate category of consumer credit (loan)”.
According to the Bank, for the year maximum of PSK on unsecured consumer credits for a period of one year fell by more than 8 percentage points, on loans from the year of 7.7 p. p.
— The average UCS is constantly decreasing on the background of permanent tightening of requirements for banks based on capital, calculation of standards), which leads to an increase in their costs, — says the Chairman of NSFR Andrey Emelin. — As a result — decrease in financial stability of individual banks and the entire Russian banking system.
From 2013, the regulator has repeatedly taken measures to control the retail market. These include the establishment of high risk weights on loans, which forced banks to form reserves increased, putting pressure on capital. From 1 March 2013, the Central Bank doubled the minimum provision rates for unsecured retail lending, as from 1 July have been increased risk coefficients on loans with high interest rates. From April 2015, the Central Bank increased the risk ratios for foreign currency mortgage loans from 150% to 300%.
— Meanwhile, Central Bank measures to curb lending has reached the goal: last year the volume of retail loans granted by Russian banks declined in half, from 7.8 trillion to 5.2 trillion roubles, — the Chairman NSFR.
Therefore, the bankers suggested the Central Bank to change the method of calculation of the UCS. In the explanatory note to the bill stated that the borrowers through the banks salaries and pensions, a priori, are the least risky customers: their income transparent.
— Maintenance of the borrower within the framework of “salary project” in a credit institution is not an independent criterion for determining loan product, — has declared “news” in a press-service of the Bank of Russia.
The amendments would increase interest rates on consumer credits of the Bank to prevent did not. In March 2016 average interest rate on short term ruble loans to households declined by 0.3 percentage points in comparison with December 2015 to 23.9% APR, and loan term from 1 year to 3 years — by 0.7 p. p. to 20.0% per annum.
According to bankers interviewed by “Izvestia”, the bill would increase the CPM of 2-3 percentage points, increasing the profitability of retail lending. According to bankers, without the adoption of the amendments, the interest in the development of this segment will subside before how to flare up. Banks will continue to lend to already-familiar customers. And the citizens, “the street” waiting for the massive failures.
According to the head of development of credit products of the Bank Svetlana Gordeeva, the share of payroll clients and pensioners in the number of borrowers above all banks with state participation, and it is set to PSK.
— All other banks are forced to meet in the designated frame, — says Svetlana Gordeeva. Major private banks are also actively lending to payroll customers, offering more favorable rates, but the share of this segment they are not as big as the state-owned banks. And offer rate, adequate to the level of risk to third-party clients in this situation is not always possible because banks are limited to the UCS.
In the end, according to the representative of the Bank, in the market there are a growing number of failures of third-party clients.
— If the KTC did not take into account state and pensioners, the banks would be able to give loan to a third-party client, just at a higher rate – taking into account the increased risk, — says Svetlana Gordeeva.
The head of Department of retail products of the retail banking Department of Loko-Bank Natalia Pavlunina believes that the banks will withdraw from the market segments in which lending becomes unprofitable due to the inability to set a high rate.
Analyst ratings Bank RAEX Anastasia Lychagina States: if two years earlier the market potrebkreditovaniya still needed “cooling”, then at this stage he, on the contrary, the necessary incentives for recovery.
— The main obstacle to recovery remains a reduced demand from the “honest” borrowers who are forced to save more than spend, due to lower incomes, ” laments the interviewee. — Hoping to increase market activity in the first quarter of 2016 retail banks have reduced interest rates on loans.
But Anastasia Lychagina advises not to overestimate the value of UCS to determine the level of interest rates in the market.
— Only 15% of the banks that participated in the study of the Central Bank Change in Bank lending conditions”, pointed out the importance of reducing PSK among other factors, changes rates in Q1 2016, while primary importance was attached to the easing of funding conditions, availability of liquid assets to accommodate growth and competition, — said the representative of RAEX.
And according to managing partner of the audit company “2K” Tamara Kasyanov, the increase in average rates on consumer credits does not increase interest in the product among potential clients.
