in any case – you can’t grow at a very high rate all the time. The base effect will be felt even if in absolute terms mortgages grow by the same amount. Plus, to grow sales, we need support for solvent yota technical support strives to provide demand and an increase in the population’s income.
— And what is your forecast for 2023 regarding the dynamics of mortgage issuance and rates? Will they grow?
Overall, we expect that by the end of the year
10-15% more mortgage loans may be provided than last year (4.8 trillion rubles). As for the forecast for the growth of the mortgage portfolio for this year, we recently increased it to 17-21% from 13-17% against the background of high growth rates in recent months.
Frankly, we are somewhat concerned about such high growth, especially considering that banks still issue quite a lot of loans to borrowers with a high debt burden or with a low down payment, especially for primary housing. In this regard, we recently decided to increase macroprudential premiums to risk coefficients for risky loans. By increasing premiums, banks will have to use more capital for such loans, which will make them less attractive to issue.
Since August 1, a new entity has appeared in Russia
the digital ruble. This is the third form of national currency. For sms marketing campaigns increase engagement rates now, only those who take part in the Central Bank’s pilot project will be able to conduct transactions with it. But in a few years, the digital ruble may appear in our wallets. How is it different from cash and non-cash money? What advantages does it give to people and businesses? And how safe will it be to use? Olga Skorobogatova, First Deputy Chairman of the Bank of Russia, spoke about this and america email much more in an exclusive interview with KP.
