Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The Volume of Consumer Loans Issued has Reached its Historic Peak in Russia
12.11.2018 09:49
The Volume of Consumer Loans Issued has Reached its Historic Peak in Russia

The volume of consumer loans issued has reached its historic peak in Russia in the third quarter of 2018. Thus, during the above-mentioned period Russians took four million loans for the total amount exceeding 729 billion roubles: this figure has increased fivefold, as compared to 2015.

      Previously, the peak in consumer loans was observed in the second quarter of 2013 — then the volume of loans made up 581 billion roubles. In the third quarter of 2018 an average loan size in this type of lending broke all records and reached 178 thousand roubles. As compared to the same period in 2017, the growth made up 43 percent.

      Experts explain the increase in loan volumes and their average amount with the stabilization of interest rates on retail lending, as well as the fact that a number of major players of the market began to offer lower rates with larger amounts of loans.

      Read more about Russian economy.


Author: Anna Dorozhkina

Tags: society     

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Suzdal  coronavirus  Urusovo  Ski resorts  Russian Railways  Woodwork  biology  Rosneft  Swanland ship accident  Russian tourism  Arkhangelsk region  mode of life  Moscow  Olympics  Home Credit and Finance  Vladimir Bogomolov  Russian society  Proton Accelerators  Weapon Museum  Resources  Pskov Region  North Caucasus  Russian Cinema  company news  Optics Museum  Cancer  Russian scientists  Religions  Artistic Gymnastics World Cup 2015  3D Art  Ukraine  Russian football players  Smolensk plane crush  Vnukovo airport transfer  Russia Travel Tips  Tyumen  Russian economy  Russian souvenirs  Exhibitions in Moscow  Leningrad Region  Mercedes-Benz Fashion Week Russia  Russian business  Saransk airport  Russian science  Russian Metro  St. Petersburg  Lyudinovo  Rostov  Delta Air Lines  Graphic Art 

Travel Blogs
Top Traveling Sites