Two million Russians barred from traveling abroad because of debts – RBC

Photo: Marina Lystseva / TASS

In Russia June 1, there were 2 million people, which is restricted from leaving the country because of debts. Almost half of them – the borrowers of banks and microfinance institutions

In the first five months of 2016 the number of restricted to travel abroad debtors amounted to almost 2 million people estimated microfinance company “E loan” on the basis of the data of the Federal Bailiff Service (FSSP). In January-May, the ban on travel abroad received about 157 thousand. Debtors on loans, which is 80% more than last year (for five months of 2015 such debtors was 87 thousand.). In just five months of this year, citizens received 392 thousand writs with a ban on exit

The worst defaulters -.. Citizens with debts for child support, they make up 46% of all restricted to travel abroad debtors, followed by bank customers – 40%, as well as those who have not paid taxes or traffic fines (10%). Defaulters for utilities only 4%, while the share of borrowers of microfinance institutions is only 1% of the total number of restricted to travel abroad debtors.

Collection agency “Sequoia Credit Consolidation,” estimated that the ban on travel abroad threatens 4.5 million borrowers on bank loans. It debtors with overdue more than 90 days credit, and debt of more than 10 thousand. Rub. (The amount of debt, above which FSSP can issue a ban on travel abroad). Who are some of these borrowers, banks may agree on the recovery of loans out of court, and someone will solve the issue in court, and then the borrower will receive a writ of execution and a ban on travel abroad.

According to “Sequoia”, the most potentially restricted to travel abroad debtors live in Moscow -. more than 304.2 thousand people, in the Moscow region – 232.9 thousand, Krasnodar Territory -. 168.2 thousand, Sverdlovsk region -. 157.9 thousand people. .

According to the Central bank, May 1, the volume of bank loans to households amounted to 10.5 trillion rubles, the amount of arrears -. 891.3 billion rubles. (More than 8% of the loan portfolio). Since the beginning of 2014 overdue loans to citizens has doubled in size.

According to the rating agency RAEX, Company “E loan” is in the top -3 microfinance institutions in terms of a portfolio of loans issued by the on-line (310.5 million rubles. January 1, 2016). “E loan” part of the international finteh-company Twino, also operates in Denmark, the Czech Republic, Poland and other countries, but the formal owners are a number of citizens and companies, the largest package of 50% belongs to the citizen of Latvia Armandsu Brox.

«Sequoia credit Consolidation” – one of the largest collection agencies. The company was founded in 2004 and now occupies 30% of the Russian market of collection services. The agency is part of Adela Financial Retail Group group, which is 81% owned by Evgeny Bernshtam. In most “Sequoia”, as reported in an interview Bernshtam banker Oleg Tinkoff, he had 90% of the shares, another 10% – in President Ellen Dokuchaeva company. The company works mainly with bank debts in the portfolio have utilities debts of small and medium-sized businesses, corporate debt, mortgage.