Russians' Credit Performance Remains Steady at Historic Low, According to Data from FICO and NBKI

Moscow - 6 June 2016

FICO® Credit Health Index for Russia has held steady since summer 2015, following a slide that took it to a seven-year low
16 percent of Russian credit accounts are delinquent, more than twice as many as in January 2012
FICO Credit Health Index measures the percentage of delinquent consumer loans and credit cards reported to NBKI, Russia's largest credit bureau

Following a seven-year rollercoaster rise and fall, the credit performance of Russian consumers has held steady since last summer, according to data from analytic software company FICO and National Bureau of Credit Histories (NBKI), Russia's leading credit bureau. The FICO® Credit Health Index, which started a sharp decline in January 2012, has remained at just under 90 for months. While tracking only began in 2008, FICO and NBKI believe the current bad rate is the highest ever for Russia.

The FICO Credit Health Index measures Russia's overall credit health, based on the percentage of consumer loans and credit cards reported to NBKI that are delinquent by more than 60 days. The April index of 89 means that 16 percent of Russian credit accounts were delinquent, compared with 14 percent one year ago and just 7 percent in January 2012.

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