Translation. Region: Russian Federal
Source: Central Bank of Russia –
The population’s mortgage debt increased by 0.3% over the month. This is close to the April figures, despite the fact that the largest banks have cancelled the commissions they took from developers. Most mortgage loans are still issued within the framework of state programs (85%).
The consumer loan portfolio stabilised in May after falling 0.7% in April, with people actively using credit cards with an interest-free grace period. Claims on companies (including bonds) rose by a moderate 0.4% after 1.1% the previous month.
Corporate funds in bank accounts increased by 0.4% after a 0.7% decline in April, due to large tax payments. The growth of household funds slowed to 0.2% (from 2.8% a month earlier). This may be due to high spending during the holidays and the advance payment of May social payments in April.
The banking sector’s profit, excluding dividends from Russian subsidiary banks, amounted to 296 billion rubles (261 billion rubles in April). Since the beginning of the year, banks have earned 1.3 trillion rubles, which is 10% lower than the profit for the same period last year.
Read more in the information and analytical material “On the development of the banking sector of the Russian Federation in May 2025”.
Preview photo: SeventyFour / Shutterstock / Fotodom
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