Problems and prospects of development of consumer crediting in Russia
This article is devoted to the problems and prospects of consumer lending in Russian commercial banks. The purpose of the article is to study the state of the consumer lending sector at the present stage, identify current problems and propose ways to address them. As a result of the study it was found that during the analyzed period the volume of consumer lending in Russia has increased significantly. However, the presence of development trends does not mean the absence of a number of problems affecting the improvement of this market segment. As the main problems of consumer lending in Russia were identified: low solvency of the population, the lack of full transparency of citizens ' incomes, the spread of Express lending, high interest rates on consumer loans, and as a consequence, the increase in the share of non-repayment of loans. The prospects for the development of the consumer lending sector are rather ambiguous. On the one hand, it is expected that the market will continue to grow, on the other - there are quite significant factors contributing to the slowdown in the segment. The development of consumer lending in Russia will take place only if the existing problems are eliminated both at the macro level and at the level of a separate credit institution. The basis for the development of the consumer lending market will be: the growth of employment and welfare of citizens, ensuring the improvement of financial literacy of the population, creating conditions for reducing interest rates on loans, as well as working with bad debt. This article proposes a procedure for creating special credit programs in Russian banks on the basis of a double assessment of a potential borrower. As a result of the application of this program, the Bank on the basis of internal preliminary assessment of borrowers and scoring assessment of the National Bureau of credit histories will offer special credit conditions for a particular borrower, enter into a loan agreement with him and make a loan. It is assumed that the creation of special lending programs for citizens will reduce the growth of bad debt on loans and improve the quality of credit portfolios of banks.