In January this year, the issuance of credit cards in the Russian Federation decreased by almost 24% compared to December, according to data from the National Bureau of Credit Histories (NBKI), cited by TASS.
If in the last month of 2022 1.12 million credit cards were issued, in January 2023 their number decreased to 850 thousand.
At the same time, if compared to the indicators of the beginning of last year, the decrease was about 16%. In January 2022, the Russians received 1.01 million such cards.
Regions – leaders in the number of credit cards issued in January 2023:
- Moscow – 63.5 thousand people
- Moscow region – 47 thousand people
- Krasnodar Territory – 33.5 thousand people
- St. Petersburg – 31.3 thousand people
- Republic of Bashkortostan – 30.1 thousand people
The most significant decrease in credit card processing was observed in the Omsk (-27.9%), Kemerovo (-26.2%), Novosibirsk and Nizhny Novgorod (-25.6%) regions.
In addition, citizens began to receive fewer such cards in the Republic of Bashkortostan (-25.5%). The leaders in number of issued cards also faced negative dynamics. In Moscow and St. Petersburg, the number of new credit cards decreased by 22.8% and 25.3%.
According to NBKI Marketing Director Alexei Volkov, a decrease in demand for this financial service has been observed since August last year. This is due, in his opinion, to the general uncertainty of the borrowers. Another reason is the conservative policy of banks that are not prepared to work with clients with insufficient personal credit rating.
Last fall, the NBKI provided data on consumer loans in the country. From January to September 2022, their number dropped to the level of the pandemic year of 2020 – to 1.95 trillion rubles. This is 41.3% less than in the same period of 2021.
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