The volume of delinquencies on loans to individuals has reached 1.5 trillion rubles

The volume of overdue consumer loans has reached 1.5 trillion rubles. This is a record for the last six years, according to the Central Bank's data, which was studied by Izvestia.

Without trial, but with consequences: millions of Russians will face sudden debt collection

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The Bank of Russia clarified that the volume of problem loans increased by 400 billion rubles by May compared to the same period last year, their share reached 5.7% of the retail portfolio.

Loans issued in late 2023 and early 2024 at high rates to risky borrowers are overdue, the regulator's press service said. Problem loans are 90% covered by reserves, which means that banks have set aside money in advance in case they are not repaid. Restrictions on loans to borrowers with high debt loads are already contributing to improving the quality of banks' loan portfolios.

Read more in the exclusive Izvestia article:

Share of circumstances: loan delinquency reached a record 1.5 trillion