Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
Corporate lending slowed to 2.9% in Q4 2024, partly due to active debt repayment by companies that received compensation under government contracts. Growth for the year was a fairly strong 17.9%, but a more moderate increase of 8-13% is expected in 2025.
The growth rate of the mortgage portfolio also continued to decline and amounted to 1.5% for the quarter, mainly due to a reduction in market mortgages in the context of high rates. For the whole of 2024, mortgages increased by 13.4%, and in 2025 growth is expected at the level of 3-8%.
The consumer loan portfolio decreased by 2% in the quarter, and increased by 11.2% overall for the year. According to the Bank of Russia, in 2025 its growth will slow down to a level of -1 to 4%, including due to tight monetary and macroprudential policies.
Corporate funds in banks grew by 11.9% by the end of the year, while household funds grew by 26.1%. In 2025, more moderate dynamics of funds of both organizations (5–10%) and households (7–12%) are expected.
It is expected that in 2025 there will be a slight compression of the net interest margin and a significant increase in the cost of risk. This will lead to a decrease in profit to 3.0-3.5 trillion rubles.
More detailed information is provided in the quarterly review “Banking sector”.
Preview photo: Ultramansk / Shutterstock / Fotodom
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