Private debtors owe banks 865bn RUR

3 September 2015 (09:18)

UrBC, Moscow, September 3, 2015. Private individuals' past-due loan payments amounted to 865.1bn RUR on September 1, 2015; this was the largest figure over the last seven years, Banki.ru refers to Sequoia Credit Consolidation, a collecting agency, as stating.

The collectors report the scale of lending by Russian banks went down by 5.13% by September 1 compared wit the start of the year, with the overall amount at 10.74bn RUR. The amount of loans issued to private individuals kept going down by 1% to 1.3% every month throughout January to April and by no more than 0.4% in May and June, and actually went up a little in July and August for the first time in the year 2015.

Every Russian citizen of working age currently owes banks 141,700 RUR on average. This figure stood at 120,000 RUR last year, at 116,700 RUR in 2013, at 85,000 RUR in 2012, and at 60,800 RUR in 2011. This means Russians' private debt burden has almost tripled in the last five years.


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