The volume of consumer loans issued in December 2023 fell to its lowest level in five years. In total, banks provided 2.36 million loans to individuals for a total amount of 239.9 billion rubles. Compared to December 2022, loan issuance fell by 22%.
Consumer loan issuance in December 2023 was the weakest in the last five years. Banks provided loans to 2.36 million people for a total amount of 239.9 billion rubles. RBC writes about this based on data from Frank RG analysts.
The volume of loans issued in December 2023 was the lowest in the last five years. Compared to December 2022, loan issuance decreased by 22% and, in November 2023, by 9%.
Unsecured loans have fallen for four consecutive months. It began against the backdrop of an increase in the Central Bank’s key rate in September, as well as a tightening of credit regulation by the regulator.
Author:
Kirill Bilyk
Source: RB
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