Sunday, February 15, the Bank of Russia has discussed with representatives of banks the problem of the exchange of food. The regulator has invited representatives of about ten banks that issued foreign currency mortgage loans. The meeting was chaired by head of the Central Bank Elvira Nabiullina, told a top-the Manager of the Bank who took part in it. According to him, she requested the bankers to make suggestions and to talk about the situation with foreign currency loans. He said that concrete proposals from the Central Bank at the meeting has not sounded.
Another interviewee who participated in the meeting with the Central Bank, said that among other things, the bankers discussed the criteria by which the borrower can be attributed to social security.
“Representatives of banks have expressed willingness to provide support to disadvantaged borrowers. General statistics given by the bankers during the meeting, shows that the number of borrowers, requiring an individual approach and targeted the solution does not exceed 20% of the total number of foreign currency borrowers”, — says the official report of the Central Bank.
According to the Bank of Russia, given in the press release of the regulator (18 data on credit institutions, which account for about 90% of the portfolio of lending in foreign currency), the number of borrowers on foreign currency mortgage housing loans in 2015 decreased by 22% in February 2016 25 thousand people. Debts on foreign currency mortgage loans decreased for the year by 25.9%, to $1.8 billion at the 1 January 2016. The number of newly granted foreign currency loans in 2015, compared with 2014 fell eight times (from 750 to 91 credits), and their volume by four times (from $192,5 million to $51.7 million).
To reduce the amount of foreign currency mortgages has influenced the adoption by banks of programs to restructure such loans.
As one of the participants, at the event stated that for January—November 2015 banks restructured more than 4.8 thousand foreign currency loans. For example, VTB24 converted into rubles and changed the terms on existing loans, more than 40% of its mortgage loan portfolio in foreign currencies, and the Bank restructured its 56% foreign currency loans.
Now the share of mortgage loans in foreign currency is about 3% of the total volume of issued mortgages, told a party meeting, citing data from the Central Bank. In 2015, the share of overdue foreign currency mortgage portfolio amounted to 20.3%, an increase from the beginning of the year by 7.7 PPT When borrowers having overdue by more than 90 days, about 8-10 thousand people.
“The Bank of Russia will continue monitoring the situation in the sphere of currency residential mortgage lending, and consultations with the banking community concerning the choice of solutions, ensuring social stability and market discipline”, — stated in the press release of the Central Bank.
Earlier, the head of the Central Bank Elvira Nabiullina encouraged banks themselves to deal with the problem of foreign currency mortgages. “We believe that banks should restructure foreign currency loans to the food, especially when it comes to families with low income and affordable housing”, she said at a meeting with bankers in boarding house “Bor” last week. Nabiullina also noted that the hopes that finally earns the program to support borrowers who find themselves in a difficult situation, for which the government allocated to the Agency for housing mortgage lending (AHML) to 4.5 billion rubles.
The seller has received only 24 requests from the exchange of food for participation in the state program of assistance to mortgage borrowers who are in difficult financial situation, reported the press service of the Agency for housing mortgage lending Agency TASS. “To date, the mass of requests from banks in the framework of the program assistance. In the seller has received from program participants about 330 applications for restructuring of loans under the program, only 24 applications for loans in foreign currency”, — quotes Agency the data of the seller. Total restructured mortgage loans 42.
About the need to find a compromise solution to the exchange of food in early February, said the President’s press Secretary Dmitry Peskov. “We know that some financial organizations, banks simply speaking, offer various ways of getting out of this crisis. Some of the proposed options suit borrowers, some don’t”, — quotes its words “RIA Novosti”.
As previously reported , in January — early February, the Central Bank has dispatched to banks the letter with the requirement to provide information on the status of the loan portfolio and the restructuring programs, which bankers are ready to offer foreign currency borrowers. The Chairman of the Central Bank Alexey Simanovsky also said that the Bank of Russia plans to discuss with banks the problem of repayment of foreign currency mortgages. “We will discuss the search for solutions that would lead to the best result. If you look at how banks solve problems with borrowers, they solve in different ways”, — quotes its words “Interfax”. According to Simanovsky, some opportunities for extra step borrowers exist, while the Central Bank and can not make banks any requirements.
Their proposals for the restructuring of foreign currency mortgages in January and February announced by the Bank of Moscow, ROSBANK, Absolut Bank, Sovcombank, and Gazprombank and DeltaCredit. The latter offered to take a mortgage in foreign currency into rubles at a reduced rate from 8.5% to 10% per annum, depending on category of the borrower. In addition, the Bank is willing to write off part of the debt of the borrower. So the owners of foreign currency mortgages under the terms of the program the seller can expect to write off 20% of the debt, and all the rest will be charged up to 10%. Earlier the Bank said it is ready to write off 10% of the debt to those borrowers who qualify under program AIZhK. In response, the foreign currency borrowers during the next action threw the office “Deltakredit” toy frogs.
Before currency, food was required to transfer the loans into rubles at the exchange rate, the Central Bank recommended to banks. In January 2015, the Central Bank sent recommendations to credit institutions on conversion of foreign currency loans into roubles at the exchange rate at October 1, 2014 — 39,39 rubles per dollar and 49,98 rubles per Euro.