MODERN TRENDS OF CONSUMER CREDITING DEVELOPMENT IN RUSSIA

Abstract

Development of the banking sector of the economy of Russia within the last 15 years was extremely uneven. According to the Bank of Russia data for 2015-2016, it is possible to notice considerable decrease (for 6,4%) of the a mou nt s of the credits is sued i n Janu a r y, 2016 i n compa r ison w ith Janu a r y, 2015. It is possible to indicate a number of factors which slow down the development of consumer crediting and namely - market saturation, credits’ non-return, high key interest rate, etc. The article considers the modern situation in the market of consumer crediting, especially in relation to the problem of availability of credit facilities. The paper offers the measures towards overcoming the crisis (deformation) phenomena. At the macroeconomic level it’s necessary to create the conditions for interest rate reduction and for the perfection of the whole system of credits’ providing, to develop new forms of crediting by banks; at the microlevel it is necessary to implement the program of recapitalization of large domestic banks at the expense of numerous financial resources, accumulated by the government of Russia, first of all, at the expense of National welfare fund.