Why the mortgage does not develop in Russia?


In spite of the fact that in 2006 the debts under rouble credits have exceeded debts under currency credits, it is impossible to tell, that the mortgage successfully develops in Russia. At delivery of credits banks face a considerable quantity of problems which stir to crediting development in Russia.

For example, banks suffer till now from too high profit tax which they receive on percent. At present the tax makes 24 %. Besides, the tax deduction for physical persons is too small. It is necessary for increasing to give to consumers one more stimulus.

Many banks also declare necessity of input of the protected account which will be used only for credits and reception of payments from debtors. And such account should not be used for repayment of debts against creditors, in case of bankruptcy of bank.

In the conditions of hypothecary crisis, it is hard to force to put investors in the mortgage. But if to establish preferential the taxation for such investors it can change a situation.

Related Articles:

This entry was posted on Thursday, August 23, 2007 at 4:21 пп and is filed under crediting Conditions.