Russian Retail Lending Market yet to Recover to Pre-Crisis Levels
Monitoring of Russia's Economic Development. Moscow. IEP. 2017, No. 17, pp. 6-7
2 Pages Posted: 23 Oct 2017
Date Written: October 23, 2017
Abstract
New parameters of retail lending continue to recover in 2017 amid interest rate cuts. However, the effects of the downturn of 2015 have yet to be overcome, loans for households’ consumption on are now less important than they were in 2012–2013, and new loans are not enough to cover the cost of previous loans and interest payments.
Keywords: Russian Economy, Retail Lending
JEL Classification: E41, E51, E58, G28, G24
Suggested Citation: Suggested Citation
Khromov, Michael, Russian Retail Lending Market yet to Recover to Pre-Crisis Levels (October 23, 2017). Monitoring of Russia's Economic Development. Moscow. IEP. 2017, No. 17, pp. 6-7, Available at SSRN: https://ssrn.com/abstract=3057252
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