Collectors missed debts – Newspaper Kommersant No. 50 (7495) dated 03/24/2023
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By the end of the first quarter, the average amount of overdue debt over 90 days on consumer loans falling to collectors amounted to 81.34 thousand rubles. For cash loans, this indicator fell to a minimum since 2018. Lenders prefer to collect the delay themselves, transferring almost bad debts to collectors.
“Kommersant” got acquainted with the data of the National Association of Professional Collection Agencies (NAPCA) on the work of the market in the first quarter. The average amount of overdue debt older than 90 days on unsecured loans, falling to collectors, amounted to 81.34 thousand rubles. This roughly corresponds to the level of 2022 (82 thousand rubles). However, the dynamics differ by segments.
In particular, for cash loans, the average overdue check from collectors amounted to 115.78 thousand rubles, which is the minimum figure since 2018.
Creditors connect the situation with the global crisis in the market. “Last year, banks, as well as this year, are ready to approve bOLarger amounts only to those customers whose solvency is fully confident. These can be payroll clients or owners of deposit accounts,” says Elman Mehdiyev, president of SRO NAPCA. “For those whose solvency raises questions for several months ahead, creditors are not ready to take risks and follow the path of reduced limits.”
A large number of debt cases are submitted for collection, but the amounts are lower than, for example, two or three years ago, confirms the general director of M.B.A. Finance” Fedor Vakhata. “People do not risk taking large loans, in addition, the risk policy of financial institutions has become tougher, so loans for smaller amounts are often approved,” he believes.
According to Frank RG, at the end of February 2023, banks issued loans to individuals for 995.1 billion rubles. This is 9% less than in 2022. Most retail segments showed a drop in average checks year-on-year. For example, the average check of cash loans issued by banks amounted to 201.7 thousand rubles in February, having fallen by 24% year-on-year.
The trend has been gaining momentum since mid-2020, meanwhile, economic uncertainty persists, there are no convincing prerequisites for a serious mitigation of the risk policies of credit institutions, says Alexander Vasiliev, CEO of ID Collect: “In our portfolio since 2018, this indicator has decreased by 7%.”
In such conditions, creditors are trying to collect more and more on their own, giving collectors only almost hopeless debts (see “Kommersant” from 6 And 17 February). The approach also puts pressure on the cost of delinquency in the market – an ever lower quality portfolio is offered for collection.
Elvira Nabiullinahead of the Central Bank, March 2:
“In order to prevent an uncontrolled growth in the debt load of the population, we are introducing limits that limit the issuance of high-risk loans.”
How the situation will develop, Kommersant’s interlocutors in the market predict with caution: on the one hand, creditors do not weaken scoring, on the other hand, even high-quality clients have a risk of a deterioration in their financial situation in the current unstable environment.
“As regulatory measures are tightened to reduce the debt burden of the population, banks will continue a more stringent lending policy, which may lead to a further decrease in the average check of overdue debt transferred to collectors,” Anatoly Perfilyev, junior director for banking ratings at Expert RA, expects. Mr. Vasilyev allows for a slight decrease in the average overdue check by 1.5–3% by the end of 2023.
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