The Bank “home Credit” returned to the lending customer from the street

The Bank “home Credit” will lend to customers with the streets in Moscow and St. Petersburg, said Tuesday, July 19, the Deputy Chairman of the management Board of the Bank Artem Aleshkin. In parallel, the Bank will lend to street customers throughout Russia, online,” he added, noting that this format will allow borrowers to obtain final approval without visiting the Bank to provide additional documents. To customers with street not include former customers of the Bank, said Aleshkin.

The Bank does not lend to the customers from the street three years — from mid-2013. “Then we realized that we come to “bad” borrowers, first, the level of lending to people in the street fell to 5%, and then we decided not to collapse this area. Back to lending we decided by reducing the debt load of the population and reduce risks,” said Aleshkin.

According to predpravleniya Bank “home Credit” Yury Andresov, the Bank changed the risk model, improved work quality control customers.

The level of approval customers from the street, according to the expectations Aleshkina, will not be high this year and will be 15% of the total order flow. By the end of 2016, the volume of loans cash to customers with a street shall not exceed 2-3 billion rubles, he said. “We plan to start the process, see how it goes, and make decisions on lending to the street next year on the basis of risk,” added Andres.

According to IFRS “home Credit”, the delay in the Bank is reduced: if at the end of 2014, it was 15.6%, by the end of 2015 — already 13%, and in the first three months of 2016 to 11.3%. However, decreased loan portfolio. At the end of 2014 it amounted to 245 billion rubles, in 2015 — 178 billion rubles, and in the first three months of this year, 168 billion RUB.

By the end of 2016, we expect the decline in loan portfolio by 6% and next year — an increase of 9-10%, says Andres. Also at the end of this year the Bank expected profit, he added.