In 2022, the volume of issued consumer loans fell by 27%, but this spring there has been a revival in the sector: in March, banks issued loans for 1.34 trillion rubles. All segments showed growth: mortgage, automotive, POS-lending and cash. At the same time, in many segments, the annual increase turned out to be in the triple digits.
The most popular loan now is a non-purpose cash loan. Most of the time, the loans are taken to refinance loans previously taken out, Izvestia reported.
Retail loan dynamics were affected by the effect of a low base; in March 2022, lending was halted due to exorbitant interest rates set by banks against the backdrop of an increase in the key rate.
In addition, the Russians have adapted to the new economic conditions, and inflation, according to experts, has slowed down. In addition, consumer activity also increased.
- In March, the volume of potentially problematic loans in Russia was estimated at around 700 billion rubles. This is 6% of the capital of the entire domestic banking sector at the beginning of 2023. The reason for this growth may be the difference between the reserves created under IFRS and RAS.
- In 2022, the volume of overdue consumer loans in the Russian Federation increased by 0.3% from September to October and amounted to a record 631.1 billion rubles.
Author:
karina pardaeva
Source: RB
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