Rus News Journal

Bank the Union has suspended crediting

to reconsider rates

Bank the Union has suspended delivery of credits physical and to legal bodies. In bank name this decision time and connect it with revision of conditions on credit programs.

as have informed daily in a press - bank service the Union it, as well as other Russian banks, reconsiders conditions of programs of crediting of private persons and the requirement to borrowers, adapting them for a current situation in the financial market . The Same information have confirmed and in Call - the bank centre: since September, 19th the bank does not give credits, and also credit cards. On a question, when bank the Union will renew delivery of credits, employee Call - the centre could not give the answer.

as to crediting of legal persons, bank the Union Co-operates with the corporate clients under current projects, but temporarily does not accept decisions on crediting of new projects - have noted in a press - bank service, having explained that these measures are caused by sharp growth of cost of financial resources and instability of the market of interbank crediting. the market situation has strongly changed, cost of loans for banks has considerably increased, therefore the bank is compelled to react adequately to a current situation - the representative of bank " has declared; the Union .

we Will notice that last week the Moscow credit bank has informed that has suspended delivery of mortgage loans till November from - for a difficult situation in the mortgage market. A number of banks also has reconsidered recently the credit conditions of the population, having raised rates. So, in the beginning of October the Savings Bank has raised rates on a mortgage on 0,75 %, to 2,25 %, depending on object of real estate, terms and credit currency, and also on 1 % on consumer credits. Bank VTB 24 has entered the moratorium on reception of statements under credits for acquisition of under construction habitation and improvement of living conditions, and also has increased interest rates by mortgage loans in roubles on 0,7 % and on mortgage loans in currency - on 0,4 %.

According to analyst IK the Prospectus Veronicas Chekinoj, banks will be and to raise further rates under credits and more rigidly to approach to an estimation of borrowers . I do not exclude that many banks, especially the second and third circle, for any time will freeze retail crediting from - for problems with liquidity in the market, - tells g - zha Chekina. - At the same time banks will try to work more with corporate borrowers as they are more reliable . I do not think that stay of crediting of the population by bank the Union is the beginning of a certain tendency, - analyst IFK " speaks; Metropol Mark Rubinshtejn. - the Core fondirovanie bank the Union received from the shareholders who in the conditions of financial crisis have met some difficulties .