Last month, Russian banks recorded record indicators of consumer loans. This is due to the growth of income of the population, reducing unemployment and stimulating banks themselves,
Only Sberbank for July issued loans by 290 billion rubles, which is 70.6% higher than last year’s indicator. VTB passed 116 billion rubles, and Alpha Bank speaks of an increase in volume by 121.6% compared with July 2017. Other financial institutions also recorded record dynamics.
Central Bank statistics are given only on June 1, 2018, but it also reflects an increase of 19.5% compared to the same period last year. In addition to the amount, the average loan volume has increased. Compared with the second quarter of 2017, this figure increased from 145 to 199 thousand rubles, and the rate decreased from 20.1% to 17.8%
Experts are the main reasons for such dynamics call low unemployment (4.7%) and inflation combined with increasing real income. Remuneration increased by 9%, which, together with an increase in employment, increases solvency and stimulates consumption.
However, representatives of the banks argue that not only macroeconomic factors led to the growth of retail lending, but also their customer attraction programs. Organizations are striving to give as many loans as possible until September 1, when the decision of the Central Bank will come into force to increase the risk coefficients for unreasonable consumer loans.
Despite the positive indicators in the sector of lending to citizens, analysts of the MDGP believe that