RNKB invites Crimeans to give Ukrainian loans to it
Moscow - Simferopol, June 10 (Navigator, Mikhail Stamm) - The Russian National Commercial Bank (RNCB) decided to make money by accepting payments on loans issued to the population of Crimea by Ukrainian banks. But not all borrowers want to pay, and not all Ukrainian banks that have left are ready to share their databases.
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The bank's press service reported that today RNKB began refinancing loans from VTB Bank (Ukraine) issued to individuals in Crimea and Sevastopol. At the first stage, Crimean borrowers of Ukrainian VTB for consumer loans and credit cards will be able to take advantage of the offer. RNKB noted that the bank is also negotiating with other Ukrainian banks that previously operated in Crimea.
Kommersant recalls that Ukrainian banks stopped working on the peninsula and left Crimea. Crimean and Russian players who have come to the region are not yet issuing new loans to the population - they simply do not have the opportunity to assess the credit history and financial situation of borrowers. In addition, many potential borrowers have yet to change their passports, which also increases risks.
After Ukrainian banks left the territory of Crimea, borrowers were asked to either repay loans remotely or go to pay the loan to branches of creditor banks located in Ukraine. Both come with costs and inconveniences.
Refinancing retail loans will allow RNKB to increase its loan portfolio, and at the expense of potentially good clients. Those clients who do not intend to pay at all will most likely prefer to “lay low” in order to avoid paying their loans for as long as possible, experts say. Whether Ukrainian banks will want to cooperate with a Russian player in the territory that Ukraine considers occupied is also a question.
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