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Message: [QUOTE="Munyaradzi Mafaro, post: 34100, member: 636"] Russian banks are turning away most loan applicants at an unprecedented rate. The National Bureau of Credit Histories reports that loan rejection rates have climbed to 80.6%. Banks are denying applications across all credit types, including consumer loans, car loans, mortgages, point-of-sale loans, and credit cards. The bureau tracked a significant increase in refusals, with application rejections rising 2.7% in March 2025 and 6.6% over the past year. Financial experts attribute the trend to the Central Bank's strict monetary policy. Lending volumes are shrinking as banks become more cautious about risk. Most financial institutions now prioritize borrowers with excellent credit profiles and manageable debt levels. Economists predict this conservative lending approach will likely continue. The current landscape suggests consumers will face continued challenges securing credit in the near future. [/QUOTE]