limits, so it is possible to potentially strive to reduce the oman telegram data share of risky loans to this value. But in any case, of course, we will take into account the situation on the market.
When moving towards a healthier structure, it is important to monitor the impact of the measures taken. This year, for example, while we tightened the limits gradually, consumer lending growth remained high. As of October 1, it was 15% year-on-year. Demand for loans from all clients, including those with a low debt burden, has increased. In the category of borrowers with a DTI of 80+, there was apparently a redistribution between banks. As a result, we have significantly tightened the MPL since October. Now we will see how our measures work. So far, we do not see any reason to relax them. By the end of the month, we will make a decision on the limits for Q1 2024.
“The situation is more complicated in mortgages”
— In the “Main Directions for the Development of the Financial Market” for the Next Three Years, it was noted that the Central Bank would prepare a proposal to the State Duma on introducing using sms marketing campaigns for effective product promotions quantitative restrictions on mortgages as well. Deputies also made such a proposal. Why did such a need arise? When might a decision be made?
— We are discussing the first proposals within
The Bank of Russia. When the MPL instrument was being developed, it was initially assumed that it would work for both unsecured lending and mortgages. But at that time, we compromised with the government, which allowed this measure only for unsecured loans.
And now we see that this tool is quite effective. Unsecured ao lists loans to borrowers with a DTI of over 80% have decreased from 36% in Q4 2022 to 25% in Q3 this year. That is, the lending structure is gradually improving thanks to the MPL.
