According to the Central Bank of the Russian Federation, in 2024, corporate lending increased by 17.9%, with about a quarter of the growth provided by the 20 largest borrowers. However, a number of these companies have significantly increased their debt levels, which creates risks of further increase in the debt burden.
The introduced macroprudential surcharge will affect new credit claims of banks (both in rubles and in foreign currency) to large borrowers with a significant debt burden.
Consequences and expected effect:
- Maintaining the pace of lending: the surcharge will allow banks to gradually adapt to the new conditions without a sharp impact on the volume of loans issued.
- Increased attention to risks: banks will more carefully assess the financial stability of borrowers with a high debt burden.
- Additional capital buffer: strengthening the protection of the banking sector by accumulating capital on corporate loans.
- Reducing the concentration of risks: since the surcharge applies only to large borrowers (with a debt to the bank of more than 50 billion rubles and exceeding 2% of the bank's capital), this may lead to a redistribution of corporate loans between banks, reducing the concentration of credit risks in individual financial institutions.
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