The number of consumer loans issued to Russians returned in August to the pre-crisis level

Meanwhile, the increase in the number and volume of consumer loans occurred against the background of a decrease in the average loan amount. Last month, it decreased by 3.7%, returning to the level of December 2021, and corresponded to 217.2 thousand rubles. .

Reducing the key rate of the Central Bank will lead to a slight decrease in lending rates

The reduction of the key rate by the Bank of Russia will contribute to a slight decrease in interest rates on loans, but rates on bank deposits will also decrease. Yaroslav Ostrovsky, a specialist in the strategic research department at Total Research, told Izvestia on Friday, September 16. “This will not have a significant impact … Read more

Citizens pay later // Installment payments are growing faster than other consumer loans

By the end of the year, the volume of the installment services market (BNPL) may reach 8 billion rubles. While these are hundredths of a percent in the total volume of consumer lending, however, according to experts, the market will grow faster than other segments. First of all, this will happen due to an increase … Read more

Vedomosti: Central Bank considers lending to oil and gas companies in foreign currency to redirect liquidity

The head of the Bank of Russia, Elvira Nabiullina, sent a set of proposals to President Vladimir Putin to improve the conditions for financing projects in the oil and gas industry, the measures, among other things, offer loans to companies in this area in foreign currency and subsidize rates on ruble loans for them. Vedomosti … Read more

Import substitution will receive a loan // SMEs are promised loans at 3–4.5% per annum

To attract small and medium-sized businesses to import substitution, the authorities are piloting a new program of concessional lending for investment purposes – at only 3% and 4.5% per annum. This tool will be available to companies in the processing, logistics, agricultural processing and hospitality industries. In order to reduce the cost of lending, it … Read more

Services have pulled up consumption // But the growth of business activity in this area may be short-lived

With improved business activity in the services sector, the composite PMI rose to its highest since mid-2021 in July. The main reason for this is the increase in domestic demand. However, the demand for services, which increased from the second half of June, began to shrink again by the end of July. Growth in consumer … Read more

The SME sector is adapting to the new reality // Monitoring of business activity

New data on business activity of small and medium-sized enterprises (SMEs) showed an improvement in sentiment in this sector. Based on a survey of 1.8 thousand companies, the RSBI index (determined by the study of PSB, Opora Rossii and Magram Market Research) rose from 48.4 points in May to 50.5 points in June. In contrast … Read more