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
Date Written: July 1, 2021
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: Suggested Citation