OREANDA-NEWS. On 06 March 2008 was announced, that by results of inspection of National Bank “Condition and the forecast of parameters of the credit market” in the second half-year of 2007 is marked appreciable toughening credit policy of banks. More than half of interrogated banks have noted toughening policy concerning not financial organizations and physical persons (68 respondents concerning mortgage, 63 - consumer crediting). Major factors which have affected the credit policy of banks, were:

 1)decrease in availability and growth of cost of financial resources on foreign markets of the capital;

 2)increase in branch risks and risks of solvency of physical persons by virtue of growth of debt burden;

 3)growth of risks of change of cost of mortgaging maintenance in conditions of negative tendencies in the market of the real estate;

 4)expectations of delay of rates of economic development of the country as a whole.

 Negative tendencies of the second half-year will continue the development in the first half-year of 2008. In particular concerning crediting of not financial organizations only 2 banks are measured to soften slightly the credit policy, mortgage - 1 bank, consumer - 3 banks. Thus concerning crediting physical persons intention of the further toughening of credit policy is more expressed. As a whole, toughening will mention price conditions not only by risky kinds of crediting, but also under standard credits. Also, in the 1-st half-year of 2008 banks expect some increase of a level of credit risk and risk of liquidity.