Russians are being denied loans less often

The percentage of refusals for all applications for retail loans in Russia has been falling over the past few months, and the trend continued in September. This is evidenced by data from the National Bureau of Credit Histories (NBKI), which Lenta.ru reviewed.

This dynamic began at the height of summer. In July, the percentage of refusals on customer applications for retail loans jumped to 80.9 percent. In August, the figure fell to 79.5 percent, and in the first month of autumn - to 79.2 percent. Thus, over three months, the percentage of refusals decreased by 1.7 percentage points.

Despite this, the industry bureau notes, the indicator continues to remain at a consistently high level. Banks, explained NBKI Marketing Director Alexey Volkov, maintain a low risk appetite, trying to prevent an increase in overdue payments.

The situation is also under pressure from tightening regulation by the Central Bank, he added. In the current realities, banks began to carefully consider client applications and refuse to issue new loans to citizens with a high debt load. The most valuable for banks remain clients with a high level of creditworthiness, Volkov emphasized. For such applications, he stated, the refusal rate is now 50 percent.