After the start of the mobilization, the banks began to refuse to grant mortgages and all kinds of loans to clients more often. For mortgages alone, the approval rate dropped from 73% to 59%. Experts cite the banks’ reassessment of expected risks as the reason.
RBC’s loan approval analyzes were provided by the credit bureau Scoring Bureau.
Between September 19 and October 10, the mortgage approval rate fell from 72.8% to 59.1%. Approval of cash loan applications fell from 35% to 31%, credit cards from 27% to 20%, car loans from 29% to 24%, and POS loans from 22% to 19%.
According to bureau statistics, the level of approval of applications for mortgages and various types of loans in the first month after the start of the mobilization in Russia was the lowest since March 2022. The head of the Scoring Bureau, Oleg Lagutkin, described the reassessment of the expected risks by creditors as the reason for this situation.
Author:
Kirill Bilyk
Source: RB
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