The greatest debt burden (PTI payment-to-income) are now employees of the Russian public sector, the report says the National Bureau of credit histories (NBCH). According to estimates of experts, the average health care provider in early April of 2016 spent on the repayment of their earlier loans 33,56% of their income. Workers of social sphere costs payments on loans accounted for approximately 33.4% of income, teachers and other employees of the education sector is 33.3%.
In some regions the debt load of state employees was significantly higher. For example, in Khakassia health workers spent on payments to creditors the average of 40.9% of their income, and teachers and 39.9%, respectively.
However, the largest growth in credit load were recorded NBCH in such areas as telecommunications (+17,42%), IT (+of 15.43%), banking and insurance (+9.82 percent). “The growth rate of PTI borrowers in terms of employment in recent time is higher in relatively “safe” sectors of the economy. Accordingly, workers in the most “suffering” from the economic situation in the country industries (in other words, riskier borrowers), banks are less willing to lend,” he explained, — General Director nbki Alexander Vikulin.
Experts of nbki also noted the rapid growth of the debt load of senior executives who have previously spent on repayment of loans where a smaller share of their income than their subordinates. Now to ordinary employees of banks loans began to give less, while the number of loans senior to the holders of the high salaries continues to grow.
As a result, during the past six months, the debt burden on top managers has increased by more than 70%. If at the beginning of October 2015, the average Manager spent on repayment of loans about 16.6% of their income, by the beginning of April 2015, the share of expenditures for these purposes rose to 28.5%. Simultaneously, more than 40% to 29.08%) increased the debt burden on the middle management level.
For comparison, the debt burden of the average worker for six months grew by only 1.6 percentage points (to 31.37%).
“The level of debt more attractive to creditors of the management team, is fast approaching the level PTI of their subordinates, dynamics of growth of the debt burden which has slowed significantly. However, the level of overdue debts in retail lending remains high, and the decline in real income, in General, characteristic for all categories of citizens, regardless of their level of wages”, — said Vikulin.