Photos of day

Date: 6 months ago   Category: Finances

For IFI red light has lit up


The Central Bank has suggested to limit rates on consumer loans of 1% a day. 95% of participants of the market credit at higher rates today. Restrictive measures can strike painful blow to the market of IFI of the Photo: depositphotos.com of Restriction, of course, have to protect the consumer. That is to make a loan is cheaper. Now too there are restrictions, for example, for collection of percent and penalties: their total amount shouldn't exceed the loan sum more than three times, and the rate shouldn't deviate strongly average on the market. According to RBC, new restrictions have to earn since July 1, 2019. To this time (from the moment of adoption of law) restriction will be set at the level of 1,5% a day. Regulatory restrictions in similar loans — a universal tendency. In Russia the limit of 1% a day can seriously affect the market, the CEO of IFI of Webbankir Andrey Ponomaryov notes: Andrey Ponomaryov the CEO of IFI of Webbankir "Rather large number of players in a product of pay day loans (PDL) works at the Russian market on rather high, one may say, at the limit rates. Therefore these changes will concern practically all companies. Other question how many from these companies will remain and will be able from the point of view of optimization of the processes and from the point of view of risks to remain and be profitable within a rate of 1%". Now 95% of loans are given at the rate higher than 1% a day or 365% a year. To what consequences can lead restrictions? Here what is told by the chief of analytical management of Bank of corporate financing Maxim Osadchiy:maksim Osadchiy the chief of analytical management of Bank of corporate financing "Perhaps, it will lead to problems in the market of microfinancial loans. We saw that the largest microfinance company — IFI "Money" has gone bankrupt, there were problems at mister Bernshtam, once successful leader of this market. There can be also other investigation that after all replacement of the official, "warm and fuzzy" microfinancial organizations, and instead of them "black creditors" will come. Generally in such market take so-called "loans to salary" — rather small sum on a small amount of days. But percent on them are huge, especially, if to compare to bank. At this category of borrowers, as a rule, high risk level in this connection the bank credits are inaccessible to them. It is a needy part of the population which needs protection. However competently to protect, it is necessary to weigh risks carefully. To add BFM.ru to your sources of news?

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