Russians Borrow RUB 644bn from Banks in February 2019

UrBC, Moscow, March 26, 2019. Russian banks issued 2.76 million new loans in February 2019 (total amount: RUB 644.45 billion). This was, respectively, 7% and 16% more than in February 2017 (2.59 million new loans totaling to RUB 553.7 billion), United Credit History Bureau refers to data from 600 creditors as indicating.

Cash loans remained the lending market’s fastest-growing segment last month: their number rose by 12% and their total amount increased by 30%. 1.17 million cash loans (total amount: RUB 319.4 billion) got issued in February 2019, compared with 1.04 million loans (total amount: RUB 246.06 billion) one year earlier. The average loan amount went up by 16%, from RUB 236,000 to RUB 272,000.

The number of new credit cards went down by 6% in the course of one year, while the approved loan limit amount rose by 13% on average. 938,260 new credit cards (total loan limit: RUB 74.09 billion) got issued in February 2019, compared with 883,920 new credit cards (total loan limit: RUB 65.76 billion) one year earlier. The average loan limit rose by 6%, from RUB 74,000 to RUB 79,000.

The number of new mortgages went down by 9% in the course of one year, even though the mortgage amounts went up by 2%. 86,110 mortgages got issued in February 2019 (total amount: RUB 188.37 billion), compared with 95,110 mortgages (total amount: RUB 185.57 billion) one year earlier. The average mortgage amount went up by 12%, from RUB 1.95 million to RUB 2.19 million.

The number of new car loans remained the same in February 2019 as in February 2018, while the total loan amount rose by 13%. 39,890 new car loans got issued last month (total amount: RUB 35.55 billion), compared with 39,990 car loans one year previously (total amount: RUB 29.57 billion). The average car loan amount rose by 17%, from RUB 739,000 to RUB 866,000.

The number of new POS loans dropped by 1%, while their total amount rose by 4% compared with last February. 515,010 POS loans got issued in February 2019 (total amount: RUB 17,95 billion), compared with 518,430 loans one year earlier (total amount: RUB 17.3 billion). The average loan amount went up by 4%, from RUB 33,000 to RUB 35,000.


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