After a long lull, people again began to plant on retail loans, writes Business Capital. The revival of lending to the population this year took place gradually.
Favorite game domestic financiers under the title "Cattle-pen" Alena "continues. C beginning of the economic crisis and the growth of defaults on loans physical persons bankers vowed to turn all the shares to the public and to freeze retail, ceasing to plant on their loans. But they held out for long. Surrendered financiers in July: on auto loans and mortgages began to cut interest rates to reduce the size of the initial fee and prolongs the allocation of funds. Bankers have realized that by not crediting the people, they can not get out of chronic losses, which are mired in 2009
Tentative steps
The revival of lending to the population this year took place gradually. In March, launched its retail program and began to advertise no more than a dozen of the financial institutions, with funds provided mainly in two areas: auto loans and mortgages. By early May, the number of loans to physical persons has increased to 15-18 banks by early June - to 20-21, July - to nearly 30. In this case the financiers did not stop talking about his rethinking of credit Ukrainians. "Lending projects are renewed financial institutions thought out and intelligently. Enhanced procedures predkreditnoy processing and analysis of financial condition of potential borrowers, "- commented the" DS "situation in the industry executive director of retail business of Bank Khreschatyk Marina Nesterovskaya. "Renewing loans physical persons, banks are still reluctant to these operations. One major problem today - is the search for adequate creditworthiness of the borrower, the financial opportunities that would not change significantly over at least a short period ", - added the department's director of retail lending Bank Finance and Credit" Igor Shevchenko.
The first revived retail banks with a European capital, a little later - the representatives of the Russian capital, the longest time rocking financial institutions with the Ukrainian shareholders. All retailers pushing to revive one reason - loss-making. Collecting resources, and in January-May, the banking system engaged in its deposit portfolio is 30.31 billion USD. (Total deposit portfolio grew to 358.05 billion USD.) Financiers could not put them in loans. It turned out that the interest they pay depositors, and their means of earning little. According to NBU, in January-May, the credit portfolio physical persons of our banks decreased by 16.46 billion USD. (Up to 218.87 billion USD.), Ie 7%.
Complete start lending to the population occurred mainly in the capital and major cities (Dnipropetrovsk, Kharkiv, Odessa, Donetsk, etc.). At the regional and district centers to provide new loans severely limited. In some cases, the department could give them the amount of deposits attracted from physical persons, in others - in the amount of return earlier loans.
Clutching the car market
More than anything this year lucky applicants for auto loans: in March-June financiers bet that is where the retail sector. Over four months on the car market reached about 26-28 banks (see table). And seriously aggravated the competition. By early July, they lent to the purchase of almost all major brands of machines - from "VAZ" and Daewoo to Subaru and Lexus.
As soon as the car dealers lined up to turn the financiers of new credit programs, they began to dictate its own terms: in June, average rates on car loans hryvnia (currency loans allowed the Ukrainians to January 1, 2011) decreased by 1-2% to 23-25% APR. And this time the reduction of interest did not happen due to sales of machinery, and "pocket" of bankers. Used to reduce the cost of borrowing and increasing demand for its car dealers were willing to reimburse financial institutions reduce the interest rate. Now, they cover their losses if they arrange for them spetsaktsii such loans 7-10% per annum. In June, the program with lower credit rates offered only two or three banks, but as increased competition in the automotive segment, they expect to increase the number of promotional offers.
Along with falling rates in May and June increased credit terms with two or three to three to five years, and in the shares for sale of certain brands of cars - up to seven years. Slightly decreased the amount of minimum initial contribution: from 40-50 to 30-40% of cars. But some financial institutions still insist on making the borrower's own funds 50-75% of the cost machines, as well as in early 2010, However, these creditors are less.
Until the end of 2010 the bankers do not plan any significant way change the basic conditions for car loans. The only thing that they promised in July-December - a further reduction in interest rates on loans: according to pessimistic forecasts on 0,5-1,5% per annum, optimistic - once at 2-3%. But this happens only if the further reduction in yield deposits physical persons. In March-June, rates on deposits of physical persons hryvnia collapsed in the middle of the market on 1,5-3,5% per annum (up to 17-20% per annum).
Mortgage fears
Less willing to finance this year revived mortgage lending. By early July, loans for the purchase of physical persons property actually received only about a dozen banks. And in most cases was the target financing the purchase of housing in specific residential facilities (capital new buildings, cottage towns near large cities). As a rule, they erected the financial institutions or shareholders, or their strategic partners. Those few banks that were taken for financing purchases of real estate, which did not have "their" interest, led to stringent requirements. "We carefully check the quality and selective approach to their location. Let's say we accept as collateral only apartments in multi-unit housing, and located in large cities "- said in a conversation with" DS "head of mortgage VTB Bank Alexander Borsevici.
In May and June financial institutions declined slightly compared to mortgage rates: from 26-28 to 25-26% per annum. In this case, however, appeared promotion offer (under specific sub-contractors): loans are granted under the 22-24% APR, and in some cases - under 11% per annum (see table).. Do not change the size of one-off commissions for making loans - 1-3% of the loan amount. As in the case of auto loans, the minimum contribution was reduced from 40-50 to 30-40% of the value of real estate. Significantly increased duration of funding: from 5-10 to 10-15 years. "Now nobody will, as before the crisis, recklessly increase market share. Banks are more likely to consider the return on equity, efficiency and profitability, weighted for risk. Terms of borrowing to buy real estate, most likely, for 2010 will remain in the range of 10-15 years ", - commented the" DS "situation on the market, Mr. Borsevici.
According to financial experts, until the end of 2010 conditions in the mortgage segment will not change. Even with cheaper resources, they do not plan to lower rates on loans, putting them at increased risk, which is seen today in the market.
Promise a better life in 2011
In retail loans noticeable increase in demand financiers have not yet predict. It is expected that citizens will increasingly look closely to the new proposals from banks until the second half of August. "I think people were bored and needed to resume lending", - said Marina Nesterovskaya. But the appearance in the credit segment of new powerful players no one is waiting. "Yes, and expect any appreciable liberalization of loan terms (rate, size of deposit) is also hardly worth" - assured the "DS" Igor Shevchenko.
A new wave of easier credit conditions financiers predicted only in 2011, they expect that at the same time be able to deploy prohibited currency loans. "As soon as the moratorium will expire on foreign exchange lending physical persons introduced until 1 January 2011, the market will be immediately visible loans in hard currency. Many banks have long been waiting for, when they were finally allowed to place the accumulated foreign currency liquidity in active operations ", - said" DS "department director product management, retail business VAB Bank Anton Shaperenkov.
Only next year financiers expect to go on the positive dynamics of growth of credit portfolio physical persons. According to current projections of results of work in 2010, our retail portfolio of the financial institutions decreased by 10% (about 20 billion UAH.).
Author: Elena Lysenko
Favorite game domestic financiers under the title "Cattle-pen" Alena "continues. C beginning of the economic crisis and the growth of defaults on loans physical persons bankers vowed to turn all the shares to the public and to freeze retail, ceasing to plant on their loans. But they held out for long. Surrendered financiers in July: on auto loans and mortgages began to cut interest rates to reduce the size of the initial fee and prolongs the allocation of funds. Bankers have realized that by not crediting the people, they can not get out of chronic losses, which are mired in 2009
Tentative steps
The revival of lending to the population this year took place gradually. In March, launched its retail program and began to advertise no more than a dozen of the financial institutions, with funds provided mainly in two areas: auto loans and mortgages. By early May, the number of loans to physical persons has increased to 15-18 banks by early June - to 20-21, July - to nearly 30. In this case the financiers did not stop talking about his rethinking of credit Ukrainians. "Lending projects are renewed financial institutions thought out and intelligently. Enhanced procedures predkreditnoy processing and analysis of financial condition of potential borrowers, "- commented the" DS "situation in the industry executive director of retail business of Bank Khreschatyk Marina Nesterovskaya. "Renewing loans physical persons, banks are still reluctant to these operations. One major problem today - is the search for adequate creditworthiness of the borrower, the financial opportunities that would not change significantly over at least a short period ", - added the department's director of retail lending Bank Finance and Credit" Igor Shevchenko.
The first revived retail banks with a European capital, a little later - the representatives of the Russian capital, the longest time rocking financial institutions with the Ukrainian shareholders. All retailers pushing to revive one reason - loss-making. Collecting resources, and in January-May, the banking system engaged in its deposit portfolio is 30.31 billion USD. (Total deposit portfolio grew to 358.05 billion USD.) Financiers could not put them in loans. It turned out that the interest they pay depositors, and their means of earning little. According to NBU, in January-May, the credit portfolio physical persons of our banks decreased by 16.46 billion USD. (Up to 218.87 billion USD.), Ie 7%.
Complete start lending to the population occurred mainly in the capital and major cities (Dnipropetrovsk, Kharkiv, Odessa, Donetsk, etc.). At the regional and district centers to provide new loans severely limited. In some cases, the department could give them the amount of deposits attracted from physical persons, in others - in the amount of return earlier loans.
Clutching the car market
More than anything this year lucky applicants for auto loans: in March-June financiers bet that is where the retail sector. Over four months on the car market reached about 26-28 banks (see table). And seriously aggravated the competition. By early July, they lent to the purchase of almost all major brands of machines - from "VAZ" and Daewoo to Subaru and Lexus.
As soon as the car dealers lined up to turn the financiers of new credit programs, they began to dictate its own terms: in June, average rates on car loans hryvnia (currency loans allowed the Ukrainians to January 1, 2011) decreased by 1-2% to 23-25% APR. And this time the reduction of interest did not happen due to sales of machinery, and "pocket" of bankers. Used to reduce the cost of borrowing and increasing demand for its car dealers were willing to reimburse financial institutions reduce the interest rate. Now, they cover their losses if they arrange for them spetsaktsii such loans 7-10% per annum. In June, the program with lower credit rates offered only two or three banks, but as increased competition in the automotive segment, they expect to increase the number of promotional offers.
Along with falling rates in May and June increased credit terms with two or three to three to five years, and in the shares for sale of certain brands of cars - up to seven years. Slightly decreased the amount of minimum initial contribution: from 40-50 to 30-40% of cars. But some financial institutions still insist on making the borrower's own funds 50-75% of the cost machines, as well as in early 2010, However, these creditors are less.
Until the end of 2010 the bankers do not plan any significant way change the basic conditions for car loans. The only thing that they promised in July-December - a further reduction in interest rates on loans: according to pessimistic forecasts on 0,5-1,5% per annum, optimistic - once at 2-3%. But this happens only if the further reduction in yield deposits physical persons. In March-June, rates on deposits of physical persons hryvnia collapsed in the middle of the market on 1,5-3,5% per annum (up to 17-20% per annum).
Mortgage fears
Less willing to finance this year revived mortgage lending. By early July, loans for the purchase of physical persons property actually received only about a dozen banks. And in most cases was the target financing the purchase of housing in specific residential facilities (capital new buildings, cottage towns near large cities). As a rule, they erected the financial institutions or shareholders, or their strategic partners. Those few banks that were taken for financing purchases of real estate, which did not have "their" interest, led to stringent requirements. "We carefully check the quality and selective approach to their location. Let's say we accept as collateral only apartments in multi-unit housing, and located in large cities "- said in a conversation with" DS "head of mortgage VTB Bank Alexander Borsevici.
In May and June financial institutions declined slightly compared to mortgage rates: from 26-28 to 25-26% per annum. In this case, however, appeared promotion offer (under specific sub-contractors): loans are granted under the 22-24% APR, and in some cases - under 11% per annum (see table).. Do not change the size of one-off commissions for making loans - 1-3% of the loan amount. As in the case of auto loans, the minimum contribution was reduced from 40-50 to 30-40% of the value of real estate. Significantly increased duration of funding: from 5-10 to 10-15 years. "Now nobody will, as before the crisis, recklessly increase market share. Banks are more likely to consider the return on equity, efficiency and profitability, weighted for risk. Terms of borrowing to buy real estate, most likely, for 2010 will remain in the range of 10-15 years ", - commented the" DS "situation on the market, Mr. Borsevici.
According to financial experts, until the end of 2010 conditions in the mortgage segment will not change. Even with cheaper resources, they do not plan to lower rates on loans, putting them at increased risk, which is seen today in the market.
Promise a better life in 2011
In retail loans noticeable increase in demand financiers have not yet predict. It is expected that citizens will increasingly look closely to the new proposals from banks until the second half of August. "I think people were bored and needed to resume lending", - said Marina Nesterovskaya. But the appearance in the credit segment of new powerful players no one is waiting. "Yes, and expect any appreciable liberalization of loan terms (rate, size of deposit) is also hardly worth" - assured the "DS" Igor Shevchenko.
A new wave of easier credit conditions financiers predicted only in 2011, they expect that at the same time be able to deploy prohibited currency loans. "As soon as the moratorium will expire on foreign exchange lending physical persons introduced until 1 January 2011, the market will be immediately visible loans in hard currency. Many banks have long been waiting for, when they were finally allowed to place the accumulated foreign currency liquidity in active operations ", - said" DS "department director product management, retail business VAB Bank Anton Shaperenkov.
Only next year financiers expect to go on the positive dynamics of growth of credit portfolio physical persons. According to current projections of results of work in 2010, our retail portfolio of the financial institutions decreased by 10% (about 20 billion UAH.).
Author: Elena Lysenko
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