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Sverdlovsk Region: Credit Limit Nears RUB 55,000


26.09.2019
UrBC, Yekaterinburg, September 26, 2019. The average credit limit on credit cards issued by Sverdlovsk Region’s banks between January and August 2019 rose by 6.7% against one year earlier and reached RUB 54,796, the National Credit History Bureau’s press service reports.

‘The credit card segment is still the most popular and fastest-growing one on the retail lending market, primarily because of the convenience and technological proficiency of the service. Unlike consumer loans, credit cards are easier to risk-manage for the banks thanks to the credit limit option; the borrowing parties, in their turn, can enjoy the benefits of a grace period, cashback options, and so on. The fact that overdue debt on credit cards has been going down lately is another factor: banks can now afford to increase their credit card cash advance limits,’ says the bureau’s Director-General Alexander Vikulin.
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