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. .
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
In August 2022, Russian banks approved loans for 1.1 trillion rubles. In comparison with July, the demand for lending from the Russians increased by 28%. These data have become a record since the beginning of the year, Frank RG analysts say. .
“Russian companies are demonstrating high demand for concessional lending under the program of government decree No. 1598,” Kommersant was told in the press service of the Moscow Credit Bank, one of the participants in the program. The bank explains the interest with an attractive preferential rate. Sovcombank speaks somewhat cautiously about the program. “Given the … Read more
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
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
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
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
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