In Russia, credit card limits reached pre-pandemic values

Banks in August approved 77.2 billion rubles. limits on credit cards, which is 29% more than the same period last year. This volume reached pre-pandemic values, according to the credit bureau Equifax. In total, 1.07 million credit cards were issued in Russia in August, which is 28% more than the same month last year. The average amount of the approved limit was 71.9 thousand rubles. and showed an increase of 1% compared to August last year and 3.5% compared to July 2021. “The growth in the number of issued cards was provided due to greater demand from customers, which is confirmed by the number of applications for credit cards submitted to banks, despite the growth in the value of the CPM for this product, “said the head of Equifax, Oleg Lagutkin (quoted by TASS). rub. In August, creditors approved 21.9 thousand cards with the possibility of going negative. The total limit on them exceeded 1 billion rubles. At the same time, the issuance of cards with overdraft….

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