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Retail Lending In January-April 2021: Growth of Debt Burden Indicator

Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021. No. 11, pp. 10-13

4 Pages Posted: 28 Jul 2021

See all articles by Sergey Zubov

Sergey Zubov

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA)

Date Written: July 1, 2021

Abstract

The growth rate of lending to individuals increased significantly in 2021 contributing to the expansion of consumer demand. Certain concern is caused by the growth of lending that is largely due to loans to high-debt borrowers. In this regard, the Bank of Russia decided to return macroprudential premiums on unsecured loans to the level preceding the pandemic.

Keywords: Russian Economy, retail lending, debt burden

JEL Classification: G21, G24, G28

Suggested Citation

Zubov, Sergey, Retail Lending In January-April 2021: Growth of Debt Burden Indicator (July 1, 2021). Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2021. No. 11, pp. 10-13, Available at SSRN: https://ssrn.com/abstract=3881596 or http://dx.doi.org/10.2139/ssrn.3881596

Sergey Zubov (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Vernadskogo Prospect 82
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

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