The volume of restructured loans of citizens reached 265 billion rubles. In the first quarter
In the first quarter, the volume of restructured loans of citizens reached 265 billion rubles, a maximum since the beginning of 2022. At the same time, the average amount of such a loan increased. Experts believe that mortgage borrowers made the greatest contribution to this jump in the indicator, who began to act on restructuring more actively. At the same time, analysts see the potential for the growth of demand for restructuring against the background of high rates, as well as the consequences of a credit boom of previous years.
The volume of restructured loans of the population in the first quarter reached 265 billion rubles, a maximum in four years. This follows from the review of the Bank of Russia, published on May 20. Compared to the fourth quarter of 2024, the volume increased 1.5 times, per year – 2.3 times. At the same time, the number of restructured loans per quarter increases by only 0.6%, up to 357 thousand, and 1.6 times per year. As a result, the average amount of such a loan increased from 0.5 million to 0.74 million rubles.
As noted in the Central Bank review, “there has been a tendency to increase the demand for restructuring by both individuals and subjects of SMEs, which is due to the growth of the number of borrowers who have problems with the service of debt”. In particular, the share of expired by 90 days or more retail loans increased from 7.7% in April 2024 to 10.5% as of April 1, 2025. This was stated by the director of the Department of Financial Stability of the Central Bank Elizaveta Danilova at the Banking Forum « Expert RA », held on May 20. According to her, the growth of overdue debt in retail lending is due to the active issuance of loans by banks since the end of 2023, after increasing rates.
At the same time, the Central Bank review notes that the share of approval of loan restructuring to citizens in the first quarter continued to contract and reached 28.3% of the total volume of applications considered. As of the end of December 2023, the share of approved restructuring was 41.1%. “The main reason for the refusals in providing credit and mortgage holidays is the lack of confirmation of the deterioration of the life situation,” the review says. Within the framework of their own programs, banks refuse to change the terms of credit agreements, in particular, due to the failure of the borrower of confirming documents, in addition, borrowers often refuse to restructure, the regulator points out.
Experts associate the average amount of restructured loans with credit activity of banks in previous years. In particular, according to Frank RG, by the end of last summer, the volume of cash loans was near historical maximums, exceeding 600 billion rubles. per month. As noted by the managing director of the expert RA rating agency Yuri Belikov, “statistics are not detailed enough to draw accurate conclusions, but an increase in the average amount could also lead to a increase in cases when the need for restructuring arises on a mortgage loan.” In the mortgage segment, he said, there was no significant growth in the delay, but the actual deterioration of the portfolio can just be preceded by restructuring and applications for them. The MVA-Professor of the Digital Finance of the RANEPAS Digital Finance Alexei Voilukov indicates an increase of 80% of the volume of restructuring on mortgage holidays.
According to analysts, in the near future it is likely that the increase in the volume of restructuring of loans of citizens will continue. According to the managing director of the ratings of the financial institutions of the rating of NRA Konstantin Borodulin, currently the dynamics of lending is significantly influenced by high interest rates that reduced the demand for credit products by consumers and regulatory restrictions that influenced the risk policy of banks. Despite the decrease, loans are high: a term of up to a year – 28% per annum, for a period of more than a year – more than 20% per annum.
In addition, it is almost impossible to refinance loans in conditions of high rates, experts note, so the volumes of restructuring will continue to grow if banks do not adjust their programs towards tightening conditions. “The restructuring of loans to good customers is more profitable to the bank than their exit on the delay, but in this case the bank puts off payments for later, and when there are many such customers and new good loans are issued with difficulty, the earnings are reduced, then it will be forced to tighten the approach to restructuring,” Mr. Voylukov summed up.
