stabilizing the financial market, reducing funding costs and increased competition for quality borrowers contributed to the liberalization of credit conditions. Significantly lower rates, banks have been reviewed and collateral requirements. Today loans without collateral is no longer the exception, says vice-president IBSP Maksud ICAM. However, such a practice, he said, extends to the most reliable clients with sustainable business and stable financial performance.

Bank has extended unsecured loans and in crisis, but most of the monopolies, public companies, whose stocks and financial liabilities are traded on financial markets. Last year, the North-West Bank of Sberbank in the list of businesses eligible for loans without collateral, was identified about forty corporate customers engaged in the manufacture of agricultural and industrial production, defense industries, and others abandoned the practice of unsecured lending crisis and the “VTB Bank North West. “Loans without collateral are available to large companies – a market leader, with a positive credit history and projected outlook for further development”, – said the head of the directorate business development and coordination of Bank VTB North-West Helena Zulina.

recently to ease collateral requirements for a number of credit products for corporate customers and small businesses the bank said “St Petersburg”. As explained in the bank, was reduced discount from the market value of collateral for loans up to a year to 20-30%, and for some types of collateral set aside to assess appraisal companies. In addition, customers with a stable financial situation the opportunity to get overdrafts and loans to participate in the tender without collateral.

loans without collateral is typical for co-operation with the largest companies, and reflects not only the high level of competition in the banking business, but also appreciated the quality of the risk of the borrower, said deputy general director of the St. Petersburg branch of Bank Societe Generale Vostok “Yegor Andriyanov. As a rule, in the case of collateral-free loan forms it comes to ruble financing for up to a year. Parameters of no-collateral lending should include additional conditions aimed at reducing credit risk, point in the North-West bank Sberbank. These conditions may include an obligation to ensure the borrower’s receipt of proceeds into accounts at the bank-creditor.

«Bank, naturally, prefers the borrower, which provides security for the loan. But to date there are two problems – says the manager of St. Petersburg branch of the bank Globex Yuri Kraskovsky. – First, the crisis has been a serious separation of clients with good, with good financial condition, and the bad. The middle layer is simply gone. The second problem – the market mortgages. It almost did not become – a 90% deposit nizkolikviden cases or generally illiquid. So now when making lending decisions primarily consider the financial condition of the borrower and the dynamics of its key indicators for the previous five quarters, said Mr. Kraskovsky. On loan without collateral in the bank can expect to clients with profitable performance, low tax burden, good credit history, employed at least five years and have a stable market for products.

, however, willing to lend without collateral not all. According to the Director of the Department of Small and Medium Business Bank Petrovsky Desh-Andrew Covic, most players make serious conclusions from the lessons learned during the crisis, and insist on better quality collateral with high liquidity. Bank’s lending program “Petrovsky” allows for the provision without bail only overdrafts (credit under the cover cash gaps in the payment transaction company) guarantee repayment of which are increasingly turns to the Borrower in the bank, says Mr. Deshkovich. “The pledge is not only possible to cover the subject of bank losses in case of loan default, but a good stimulus for the borrower to return the loan, when to do so he does not want. The crisis has proved once again that the collateral-free lending is a high-risk type of loan “, – said Andrey Deshkovich.

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