THE ANALYSIS OF THE SECTOR OF RETAIL LENDING OF RUSSIAN BANKS DURING THE PANDEMIC PERIOD OF 2020

Lending to the population is an essential part of the country’s economic system, its development in the global financial market. Due to the steady downward trend in economic growth and real incomes of the population, the spread of the coronavirus pandemic in the Russian Federation in 2020, the issue of fulfillment by the borrowers their obligations to banks became relevant. Many consumers of credit services were unable to fulfill their obligations in full and in due time, which led commercial banks to the most significant risk - credit one. The study considers the main aspects of the functioning of the Russian consumer lending market in the context of the lockdown of the global economy, analyzes the factors, which determined both the growth and contraction of the market under the pandemic influence. The study assessed the dynamic changes in key indicators determining the state of this economic sector in 2020. The authors analyzed the dynamics of granting retail credits and the dynamics of overdue debt. The paper considered the level of the debt burden of the population and the indicators of personal credit rating of borrowers - the main factors influencing the favorable decision on loan granting. Based on the study results, the authors conclude that the pandemic period did not cause severe damage to the retail lending sector. As the main trends of the current year, the study highlights toughening of the requirements on the part of commercial banks to borrowers, an increase in interest rates on credit products, and the improvement of payment discipline in the regions.

commercial banks, retail lending, overdue debt, debt burden of the population, restructuring