that these risk weights and accumulation of capital buffers are also leads guide: what they are, how to qualify and optimize management useful: we released this buffer at a difficult moment. The banks had a capital reserve, that is, this capital was not withdrawn, it remained in the system. And in the conditions of the pandemic crisis, we released [the buffers] and provided additional comfort to support lending. [This mechanism] is of a countercyclical nature.
Now many banks are thinking about their business
models, who to lend to, what to lend to, and consumer lending together with payment services — such ecosystem elements — are becoming part of their business model. They would not like restrictions in consumer lending. But, in my opinion, it is impossible to look at it from the perspective of one bank. It is necessary to look from the perspective of the system.
I remember that in 2013, when I first came to the Central Bank, consumer lending was growing at 60% per annum. Measures had to be taken, and the banks resisted, but a few years later some of them, especially retail what are the benefits of a crm? monoliners, admitted retroactively that it was right.
— Back then, the population coverage was smaller.
Now there are a huge number of people with loans
— Credit penetration is normal. But we need to look at the debt burden. It is not normal when people, families with small incomes take out a large number of loans. The level of credit penetration is not very high yet. But we see, unfortunately, not only that agb directory new borrowers are coming to banks, but also that the number of people with a large volume of loans is growing.