06.05.2024, 10:57
Russia has become more active in collecting some debts
Source: OREANDA-NEWS
OREANDA-NEWS In 2023, the number of closed claims for debt collection on loans and borrowings in the amount of up to 50 thousand rubles increased by almost a third. The Vedomosti newspaper reports on the more active collection of some debts with reference to the materials of the Supreme Court.
The number of recoveries on small debts increased by 29 percent, from 7.8 to 10.3 million rubles. The share of such claims also increased from 69 to 75 percent. In just a year, the courts have closed almost 13.7 million claims for recovery of funds. The number of closed debts in the amount of 50 to 100 thousand rubles also increased by 6.2 percent, to 1.5 million cases. The number of closed claims in the amount of more than 100,000 rubles decreased by 16.4 percent year-on-year.
The number of small debt collections has been growing for the last eight years. Since 2016, their number has increased almost 9 times — from 1.15 to 1.15 million. Their share among all closed debt collection cases is also increasing — from 35 to 75 percent. The trend is explained by the stable growth of the microloan portfolio, which inevitably leads to an increase in the late-stage delinquency portfolio, said Elena Dorofeeva, Director of the Overdue Debt Management Department at Rosbank. Due to the tightening of the regulator's requirements regarding macroprudential limits (MPL), banks and MFIs began to actively issue credit cards with a limit of up to 100,000 rubles, and only the most solvent customers could receive large loans.
According to Roman Makarov, CEO of IFC Zaymer, the increase in the number of lawsuits may be due to the development of MFOs' own enforcement units and an increase in the number of professional collection agencies that actively buy up MFOs' portfolios. Now professional collectors are increasingly going to court, he added. At the same time, the simplification and automation of the procedure for filing lawsuits in court also influenced the growth in the number of cases.
According to the Central Bank, in 2023, the number of microloans from Russians increased by 22 percent. The portfolio of such loans has grown to 443 billion rubles. In total, microfinance organizations (MFOs) issued loans worth a trillion rubles (plus 30 percent year—on-year), the share of medium-term loans increased by five percentage points to 46 percent, and payday loans fell to 34 percent (minus four percentage points in annual terms). The average loan amounts were 9 and 12 thousand rubles, respectively.
The number of recoveries on small debts increased by 29 percent, from 7.8 to 10.3 million rubles. The share of such claims also increased from 69 to 75 percent. In just a year, the courts have closed almost 13.7 million claims for recovery of funds. The number of closed debts in the amount of 50 to 100 thousand rubles also increased by 6.2 percent, to 1.5 million cases. The number of closed claims in the amount of more than 100,000 rubles decreased by 16.4 percent year-on-year.
The number of small debt collections has been growing for the last eight years. Since 2016, their number has increased almost 9 times — from 1.15 to 1.15 million. Their share among all closed debt collection cases is also increasing — from 35 to 75 percent. The trend is explained by the stable growth of the microloan portfolio, which inevitably leads to an increase in the late-stage delinquency portfolio, said Elena Dorofeeva, Director of the Overdue Debt Management Department at Rosbank. Due to the tightening of the regulator's requirements regarding macroprudential limits (MPL), banks and MFIs began to actively issue credit cards with a limit of up to 100,000 rubles, and only the most solvent customers could receive large loans.
According to Roman Makarov, CEO of IFC Zaymer, the increase in the number of lawsuits may be due to the development of MFOs' own enforcement units and an increase in the number of professional collection agencies that actively buy up MFOs' portfolios. Now professional collectors are increasingly going to court, he added. At the same time, the simplification and automation of the procedure for filing lawsuits in court also influenced the growth in the number of cases.
According to the Central Bank, in 2023, the number of microloans from Russians increased by 22 percent. The portfolio of such loans has grown to 443 billion rubles. In total, microfinance organizations (MFOs) issued loans worth a trillion rubles (plus 30 percent year—on-year), the share of medium-term loans increased by five percentage points to 46 percent, and payday loans fell to 34 percent (minus four percentage points in annual terms). The average loan amounts were 9 and 12 thousand rubles, respectively.
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