VTB issued more than 20 billion rubles to refinance loans for 9 months of 2026. In the third quarter, sales increased by 32% compared to the second and provided half of the annual volume. The bank expects the trend to strengthen in the fourth quarter. "The demand for refinancing is dictated not so much by changes in rates, but by the borrowers' conscious approach to managing their debt burden," said Roman Shikov, deputy head of VTB's retail business unit.