Experts predicted the continuation of the trend for the growth of interest rates on loans until the end of the year

The trend towards an increase in consumer loan rates will continue until the end of the year and in the first quarter of 2023, Vyacheslav Shalamov, head of the lending service of Post Bank, cited Izvestia on November 17.

“The growth of lending rates is dictated by the increase in the cost of attracting for banks (increase in deposit rates) in the first place and the unstable situation with credit risks – in the second. According to our forecasts, this trend will continue until the end of the year and in the first quarter of next year,” he said, adding that the bank has not yet revised interest rates on loans.

At the same time, Rustam Rafikov, head of the credit products department at PSB, told Izvestia that the financial institution is currently assessing the feasibility of changing rates, the decision will depend on the dynamics of the consumer lending market.

“At the last meeting, the Central Bank kept the key rate unchanged, which allowed the market to avoid raising interest rates on consumer loans. This will certainly stimulate the demand for loans until the end of the year,” he stressed.

As Izvestiya wrote earlier on November 17, since the beginning of this month, consumer loan rates in banks from the top 30 have increased by an average of 1.5–2 percentage points. As follows from the data of the Compare marketplace, 17 organizations adjusted their percentages upwards. In addition, mortgage loans are becoming more expensive: since the beginning of November, rates on them have increased by an average of 0.5 percentage points. in 12 banks. Such actions of creditors run counter to the decision of the Central Bank on the key rate: the regulator has left it at 7.5% since September.


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