Major Russian banks will start issuing online loans


Sberbank, “XMB Opening” and Promsvyazbank have announced plans to start offering remote loans, reports Bloomberg.

The head of the Board of Promsvyazbank, Dmitry Ananyev told the Agency that the Bank plans to launch online lending in may. According to him, Promsvyazbank are ready to give their own customers from 5 thousand to 15 thousand rubles for a period of 2-3 months under “reasonable” interest rate of 20%.

“This may be the loan for any purpose — you can go to a restaurant, can buy a kettle or a TV. I hope it will be good in the sense of a bomb,” — said the banker. According to him, if the risk model is confirmed, then the terms, limits, and the audience is remote loans will increase.

In a press-service of Sberbank, the Agency reported that Russia’s largest Bank plans to start lending to existing customers via the Internet Bank in 2016, and in 2017, intends to launch a similar service in the mobile Bank. The details in the savings Bank did not disclose.

“XMB Discovery”, part of the largest private banking group in Russia, intends to launch online lending in the fourth quarter of 2016, said senior Vice-President of Bank Alexey Kruglov through the press service. Details, he did not elaborate.

Bloomberg calls the remote market loans to potential “driver of growth of consumer crediting”. The Bank of Russia predicted a “slightly positive” growth in consumer credit in 2016, said the head of the regulator Elvira Nabiullina in December. “May be near zero or slightly more. We believe that overall consumer loans will start to make a positive contribution to GDP starting in 2017”, — she said (quoted by TASS).

In mid-may, Sberbank announced the most dramatic for the year the reduction of interest rates on consumer loans. After reducing the range of rates on secured loans was 14.9 22.9 per cent (previously 16,5–25,5%), loans without collateral — 15,9–23,9% (up to 17.5–26.5 per cent).

The intention to lower the rates also reported Gazprombank, “XMB Discovery”, Moscow credit Bank, alpha Bank and Binbank. PSB the inquiry was answered that back in April, reduced rates on all consumer loan products on average by 2 percentage points. ROSBANK has announced that it has lowered rates for some products, but according to some — increased. Deputy President — Chairman of Board VTB Herbert Moos said during a conference call that in and VTB24 retail division of VTB Bank (ex Bank of Moscow) is ready to reduce rates to the public only in the case of reduction of the key rate of the Central Bank.

Earlier in may, “Izvestia”, citing a source, wrote that the Ministry of communications has begun to develop a mechanism for online lending. The interlocutor of the edition noted that the Agency plans to hold a closed meeting with representatives of the largest banks, which will discuss the details of the mechanism of online lending.