Since the beginning of the year, the level of the debt burden of Russians has grown significantly: from 27% to 35%. That is, now, on average, borrowers spend more than a third of their income on servicing obligations. Such calculations are given in the “Credit Activity Map” of the Popular Front project “For the Rights of Borrowers”. As indicated in the ONF study (based on data from the Central Bank, Rosstat and the largest BCH), in the first half of 2021, the debt of Russians on loans increased by 13.6% and reached 22.64 trillion rubles. In annual terms (by June 2020), the indicator showed an impressive growth rate of 23.8%.
The most heavily credited regions of the country were the republics of Tyva (78%), Kalmykia (64%), Leningrad Region (50%), Udmurtia (50%) and Chuvashia (50%). The best indicators in terms of debt burden are demonstrated by the Caucasian Chechnya (13%), Dagestan (11%), Ingushetia (11%), Crimea (5%) and Sevastopol (6%).
And although in absolute terms the level of overdue debt increased in the first half of the year from 888.3 billion rubles to 946.6 billion rubles, and the average amount of overdue loans – from 15.7 thousand rubles to 17.4 thousand, the share of “bad” debts decreased. Thus, the national average level of delinquency in the first half of 2021 decreased by 0.3 percentage points. and amounted to 4.2%. Compared to June 2020, the indicator decreased by 0.2 percentage points.
“Thus, we see that with an increase in the total amount of debt, the absolute numbers of delinquencies also increased, but at a slower pace, which indicates an improvement in the payment discipline of Russian citizens,” the ONF study says.
Read more in the exclusive material from Izvestia:
Easy to borrow: the level of debt burden of Russians reached 35% of income
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