Translation. Region: Russian Federal
Source: Central Bank of Russia –
For the first time since 2022, the total number of borrowers from banks and microfinance organizations decreased by 0.5 million in six months, amounting to just over 50 million people, according to data from credit history bureaus.
Banks began to limit the risks of borrowers becoming over-indebted by reducing the average size of a cash loan (it decreased by 20%) and its term (the share of loans up to one year increased by 13 percentage points, to 21%).
In Q4 2024, the number of the most indebted borrowers with at least three loans decreased by 0.5 million people, but they still account for about half of the debt on retail loans.
The number of citizens with a mortgage remained at the same level, amounting to 10.2 million people. At the same time, banks began to issue mortgage loans for a term of over 30 years less frequently. The share of borrowers who take out a consumer loan before a mortgage has decreased. This indicates that the likelihood of a down payment using credit funds has decreased.
Read more in the information and analytical material “Analysis of trends in the retail lending segment based on credit bureau data” for the second half of 2024.
Preview photo: Urbanscape / Shutterstock / Fotodom
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