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In September, the growth of loans to companies slowed, while retail mortgages accelerated. Bank loans to companies (including bonds) increased in September by 0.7% (+1.3% in August), in annual terms the growth was 13.3%, similar to the month before. According to preliminary data, in September the mortgage debt of the population increased by 1.4%, which is almost three times more than in August (+0.5%). The borrowers asked to complete transactions before the family mortgage conditions were tightened starting October 1. As a result, the share of state-supported issuances rose to 70% (56% the previous month). The growth of the portfolio in annual terms was 10.8% (+10.2% in August). In consumer loans, growth, on the contrary, slowed to +0.9% (+1.7% in August), and the issuance of both cash and credit card loans decreased. In annual terms, the portfolio increased by 5.2% (+3.9% in August). The population's funds in banks remained almost unchanged (-0.1% after -0.2% in August), and the legal entities decreased by a moderate rate of 0.4% (+1.9% a month earlier, when funds mainly from oil and gas and energy companies grew actively). The net profit of the sector in September decreased by 5.9% and amounted to 414 billion rubles. This trend stems from several factors, including a decrease in dividends from subsidiaries and losses from transactions in securities. Read more in the material "On the development of the banking sector of the Russian Federation".

Банк России · Central Bank · · Source

🇷🇺 Russia · Map

In September, the growth of loans to companies slowed, while retail mortgages accelerated. Bank loans to companies (including bonds) increased in September by 0.7% (+1.3% in August), in annual terms the growth was 13.3%, similar to the month before. According to preliminary data, in September the mortgage debt of the population increased by 1.4%, which is almost three times more than in August (+0.5%). The borrowers asked to complete transactions before the family mortgage conditions were tightened starting October 1. As a result, the share of state-supported issuances rose to 70% (56% the previous month). The growth of the portfolio in annual terms was 10.8% (+10.2% in August). In consumer loans, growth, on the contrary, slowed to +0.9% (+1.7% in August), and the issuance of both cash and credit card loans decreased. In annual terms, the portfolio increased by 5.2% (+3.9% in August). The population's funds in banks remained almost unchanged (-0.1% after -0.2% in August), and the legal entities decreased by a moderate rate of 0.4% (+1.9% a month earlier, when funds mainly from oil and gas and energy companies grew actively). The net profit of the sector in September decreased by 5.9% and amounted to 414 billion rubles. This trend stems from several factors, including a decrease in dividends from subsidiaries and losses from transactions in securities. Read more in the material "On the development of the banking sector of the Russian Federation".

In September, the growth of loans to companies slowed, while retail mortgages accelerated. Bank loans to companies (including bonds) increased in September by 0.7% (+1.3% in August), in annual terms the growth was 13.3%, similar to the month before. According to preliminary data, in September the mortgage debt of the population increased by 1.4%, which is almost three times more than in August (+0.5%). The borrowers asked to complete transactions before the family mortgage conditions were tightened starting October 1. As a result, the share of state-supported issuances rose to 70% (56% the previous month). The growth of the portfolio in annual terms was 10.8% (+10.2% in August). In consumer loans, growth, on the contrary, slowed to +0.9% (+1.7% in August), and the issuance of both cash and credit card loans decreased. In annual terms, the portfolio increased by 5.2% (+3.9% in August). The population's funds in banks remained almost unchanged (-0.1% after -0.2% in August), and the legal entities decreased by a moderate rate of 0.4% (+1.9% a month earlier, when funds mainly from oil and gas and energy companies grew actively). The net profit of the sector in September decreased by 5.9% and amounted to 414 billion rubles. This trend stems from several factors, including a decrease in dividends from subsidiaries and losses from transactions in securities. Read more in the material "On the development of the banking sector of the Russian Federation".

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