Banks are holding "auditions" borrowers

Banks Finansy10-11-2008 Banks are holding "auditions" Borrowers Amid worsening financial condition of the citizens banks try to protect themselves from further risk, presenting more and more requirements to a potential borrower. Experts believe that such a solution is quite true, as against mass layoffs borrowers will refinansirot their loans, which will give impetus to the many downs. Following the mortgage and car loans banks are tightening the conditions for granting loans to non-target, explaining that the increased risks of mass insolvency of borrowers due to layoffs. According to the Bank on 1 October 2008 the volume of loans to natural persons amounted to 4 trillion rubles. According to the agency, "Rus-Rating, the share of loans with a term of one year to three years (that is where the term is usually granted such loans), accounts for about 18% of the total. Economist at Bank TRUST Eugene Nadorshin believes that some tightening may occur at many banks, as the picture of the economy has changed significantly, as compared with the one that saw them in the first half of 2008.