In May, the volume of consumer loans issued in Russia amounted to 662.5 billion rubles, writes Frank RG. Compared to May 2022, the growth was 245%, compared to April 2023 – 11.4%.

In 2023, the volume of loans issued in Russia increased by 49%

According to RBC, this is a record number since 2013, when statistics began to be kept.

The average size of such a loan, despite the increase in volumes, decreased by 6.4% to 201 thousand rubles.

In total, from January to May inclusive, the volume of loans issued compared to the same period in 2022 increased by 49%. The largest growth was recorded in the segment of general purpose loans and auto loans.

Auto loans in May increased by 8% compared to April and amounted to 117.9 billion rubles. Here, the average size of loans increased by 27% and reached 1.45 million rubles.

Mortgage credit grew to a lesser extent in the month, 3.8%. In total, in May, banks issued mortgage loans for 591 billion rubles.

In total, in May, Russian banks issued 1.41 trillion rubles of loans to citizens. Growth compared to April was 7.6%.

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Author:

Natalia Gormaleva

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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