Retail Lending in January-August 2023

Sergey A. Zubov – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences, Associate Professor (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

A relative stabilization of the financial and economic situation and growth in households’ disposable cash incomes have driven up retail lending volumes on the market. The shares of bad loans and overdue loans have remained consistently low, however, the quality of the overall loan portfolio still causes the regulator’s concern. As a consequence, the Central Bank has to take measures aimed at cooling the consumer lending market to prevent a further risk buildup.

Key words: Russian banking sector, retail lending, past-due debt, Bank of Russia.

JEL-codes: D81, E58, G21.