ePlaza Magazine
Submit news for free

Household loans grow more than 5% in four months of 2018

Between January and April 2018, the banking sector’s loans to the economy were up 3.1%1, which includes growth of 2.3% in loans to non-financial organisations. Household loans grew 5.2% in the period.

Household deposits were up 1.7% in the four months.

Banks’ profits for the January to April 2018 period totalled 537 billion rubles.

For details of banking sector trends, please refer to the Bank of Russia’s website publication ‘Review of the Banking Sector of the Russian Federation in April 2018’.

1 Relative banking sector indicators are impacted by ruble exchange movements, as well as licence revocations and terminations (excluding licence terminations following reorganisations) over the reporting period. Consequently, to enable a more accurate presentation of key banking sector performance indicators, the data strip out currency effects for credit institutions in operation as of the reporting date (including previously reorganised banks).

16 May 2018

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More