PDN will be calculated only by qualified players who meet the criteria that the Bank of Russia will determine. This status will receive several major bureaus, say two sources of RBC.
Banks and now work with several bureaus, information on the loan obligations of the borrower can be in three or four BKI. Therefore, in order to calculate the PDN, the bank will have to apply for information to several bureaus, which will make this service costly, says a source in the bank that participated in the meeting.
At a meeting with the regulator, market participants proposed making requests for PDNs free – in this case, banks would only pay for providing a full credit history for a client, a source at another credit institution said. Another suggestion was made – to create an information system that would collect data on the personal data of borrowers from qualified credit bureaus and provide them to banks. True, then it is not entirely clear who will pay for the operation of such a system, the source said in one of the banks.
“Banks, of course, support free PDN calculation, given that all the data necessary for calculating PDN is already included in the credit reports that banks receive from BCI on a paid basis,” said Rustam Idrisov, director of the ICD retail lending department, to RBC.
VTB is in favor of giving banks the right to independently determine which way they will use information about the debt load, the bank’s press service told RBC: you can calculate the PDN in the bank itself based on requests to all qualified BKIs, you can take into account the load that the bureau will calculate. The bank believes that the service of providing information about the debt load alone cannot cost more than the cost of a full credit report.
“We support the position on obtaining data on the debt burden on a free basis or at the lowest prices, since the bank will be able to calculate it on the basis of the report data,” the VTB press service noted.
“The main goal of the amendments is the centralization of all information about the income and expenses of citizens-borrowers. Only under this condition can we calculate the indicator of their debt load, ”RBC was told in the press service of Alfa Bank. But in order to calculate the PDN, the bank will have to apply for information to several bureaus, which can be costly, they added there.
Other large retail banks did not respond to a request from RBC.
Bureau do not want to work for free
The credit bureaus do not agree with the proposals of the bankers. “With a free calculation, PDN will suffer quality,” says a source in one of them. One of the proposals of the BCI is to calculate the cost of determining PDN only by qualified bureaus in order to make the final price more market-based. But the formula is proposed to be kept the same, says the source in one of the bureaus.
For the bureau, the cost of calculating personal income tax and so on will only cover the cost of work, says the source in the financial market. “The bureau is unhappy because they are being imposed on a service alien to them, and banks are forced to use this service, also for money,” he concludes. The main income of the BKI is formed by the sale of services – scoring of borrowers, sales of credit reports, etc. The revenue of the largest bureau – NBCH – for 2017 amounted to 1.4 billion rubles., Net profit – 395 million rubles., It follows from the data SPARK.
The service of providing information for calculating the personal income tax should be paid, according to Sberbank (its group includes one of the largest credit-reporting companies – the United Credit Bureau, OKB), the bank’s press service told RBC. The credit bureau should be compensated for the costs of processing (storage, transmission) of data, support for infrastructure and software, as well as administrative and business needs. In addition, BKI must have market motivation for the development of services, listed in Sberbank.
“A different approach – in the form of a free service – means that the bureaus will be forced to compensate for their costs of supporting the service by increasing the cost of other services, which does not look fair for all bureau customers,” Sberbank notes.
The OKB supports the concept of payment of settlements for personal income tax and believes that this system as a whole meets the objectives of the Bank of Russia to limit the growth rate of retail lending, said General Director of the Bureau Artur Aleksandrovich.
“So far, all of these options are in the process of discussion by all involved, so talking about it so far seems premature,” said RBC Marketing Director of the National Bureau of Credit Histories (NBCH) Alexey Volkov.
The representative of the Central Bank in response to a request from RBC confirmed that the marginal cost of information on the debt burden will be set in conjunction with the appropriate ratio to the average market value of the credit report. He added only that this approach is supposed to be considered during the discussion of the bill in the State Duma.
The costs of BKI services are now not significant for banks, notes Yuri Belikov, Managing Director for Validation of Expert RA. “For the market, there will probably be no effect; for individual players, maybe. If we are talking about small banks, it is clear that increasing the cost of BKI services can reduce their already small financial result, ”Belikov explained. The average profitability in the sector is not high; many players are struggling to beat inflation, so any new costs will be significant for them.
The formula for calculating the PDN is simple, but it can be quite laborious to calculate it correctly, since it is necessary to confirm two numerical values, says RBC senior NKR analyst Yegor Lopatin. “So, the borrower's income can be falsified, for example, if they provide a fictitious 2-NDFL certificate, and banks may not include some obligatory payments in the calculation of monthly loan servicing costs,” he notes.
On the one hand, in the entire banking system, calculating the debt burden by qualified BKIs will lead to an optimization and more correct calculation of the indicator, on the other hand, for a single bank, especially a large one, the cost of calculating personal income by qualified BKIs can be quite significant and increase costs when granting a loan, argues Lopatin.
“Paid PDA report is insignificant, but nevertheless it will affect the cost of carrying out a loan analysis of the borrower,” notes Rustam Idrisov, adding that “he will not have a significant impact on the final cost of the loan for clients.”
. (tagsToTranslate) Credit (t) Cost (t) Load (t) Borrower (t) Debt (t) Qualified (t) Free (t) Source (t) Information (t) Information (t) Calculate (t) Material ( t) Interlocutor (t) Large (t) Calculate (t) Client (t) Report (t) Indicator (t) Offer (t) Director