RUS CB Unsecured Consumer Loans

On Jun. 23, RUS CB raised macroprudential requirements for loans.

  • RUS CB has increased the premiums on risk ratios for unsecured consumer loans.
  • The measure is aimed at accumulating a macroprudential capital stock and increasing the stability of banks in the event of an increase in losses on consumer loans.
  • Effectiveness
  • Changes apply from Sep. 1, 2023.
  • Feb. 2024 Update
  • On Feb. 19, 2024, RUS CB issued decision to maintain values of macroprudential limits on unsecured consumer loans that it has established in the second half of 2023.
  • Maintaining the current macroprudential requirements for loans is going to ensure a further reduction in the share of risky loans in the consumer loan portfolio.
  • The decision on the value of the MPL for Q3 2024 will be made by RUS CB in May 2024, accounting for dynamics of debt burden of the population and lending standards.

Regulators RUS CB
Entity Types Bank; CNSM
Reference PR 2/19/2024; Dec 2/16/2024; PR, Dec 6/23/2023; Law 86-FZ
Functions Compliance; Financial; Legal; Reporting; Risk
Countries Russia
Products Banking; Cards; Loan
Regions EMEA
Rule Type Final
Rule Date 6/23/2023
Effective Date 5/1/2024
Rule Id 177021
Linked to N/A
Reg. Last Update 2/19/2024
Report Section International

Last substantive update on 02/23/2024