Penza, 11 November 2015. PenzaNews. The public credit burden in the Penza region has reached 49% as of September 1, 2015, compared to the Russian average of 41%, concludes the research of the United Credit Bureau (UCB) based on information provided by financial institutions and the Russian Statistics Department.

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The public credit burden level, or PTI (“payment to income”) level, shows a correlation of monthly loan payments to a person’s income level. As noted in the research, a “good” PTI level in banking classification sits within a threshold of under 30-35%.

Overall, the Russian average PTI grew by 3% in a year, monthly payment averages increasing from 12,126 to 13,097 rubles.

On September 1, 2014, the credit burden level in the Penza region constituted only 38%.

The average monthly loan payment in the region grew from 8,494 to 11,586 rubles, compared to a growth of average income level from 22,319 to 23,473 rubles.

Based on the UCB information, only six Russian regions sit below a PTI level of 35%: the Khanty-Mansiysk autonomous region (21%), the Yamalo-Nenetsk autonomous region, (24%), the Sakhalin region (24%), the Nenetsk autonomous region (26%), Moscow (31%) and Komi (32%).

34 constituent territories of the Russian Federation experience PTI levels over 50%, with critical levels in Karachaevo-Cherkessiya (76%), Kalmykia (74%) and Dagestan (66%).

At the same time, the highest monthly loan payments were registered in Chukotka (over 36,000 rubles), the Magadan region (29,106 rubles), Kamchatka (23,996 rubles), the Republic of Sakha (23,864 rubles) and Moscow (18,453 rubles).

The lowest levels are registered in the Tambov region (8,147 rubles), Ingushetia (8,594 rubles), Chechnya (8,831 rubles), Sevastopol (8,404 rubles) and Mordovia (9,742 rubles).

In a comment to the results of the research, the UCB general director Daniel Zelensky pointed out that the average loan payment grew by 8% in just a month, compared to salary growth of 5%.

“You should also keep in mind the mounting inflation and growing retail prices that affect the real income of Russians. Over the last year, the average credit burden increased by 3%, while the increase reached up to 65% for some constituent territories. However, the PTI levels remained the same or went down in 15 regions, which can be considered a positive trend. One of the reasons behind this is the reduced ‘average check’ for loans. According to our information, the size of an average cash loan has decreased from 120,000 to 94,000 rubles over a year, which affected the monthly payments,” he explained.