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Issuance of one type of loan has collapsed in Russia
NBKI: The volume of consumer loans issued in Russia fell by almost 30%.
The volume of consumer loans issued in the first months of autumn 2024 amounted to 394.5 billion rubles. The National Bureau of Credit Histories (NBCH) reported this information to Lenta.ru.
Thus, compared to August, the volume of this transaction decreased by 27.2%. A decrease in the number of such loans is also observed. Their number reached 2.46 million. The rate of decrease for the month was 25.7%.
The regions with the strongest decline in cargo volumes were St. Petersburg (-35.4%), Yakutia (-34%), Moscow (-32%), Moscow Region (-31.5%) and Krasnoyarsk Region (-31.2%).
According to NBKI Marketing Director Alexey Volkov, the decline in consumer credit issuance accelerated significantly in September. One of the reasons is that the Bank of Russia's tight monetary policy is cooling the unsecured credit market.
The pace of lending to Russian small and medium businesses continued to slow in August. The volume of loans received by entrepreneurs fell to 1.3 trillion rubles.