The Central Bank of Russia said that corporate and individual loans continued to grow in April. Web site jar.
According to the bank, the corporate loan portfolio of Russian banks grew by 1.7% in April. Retail loans grew by 1.2%.
As noted by the Central Bank, asset growth of lending signals a recovery in business activity. At the same time, only loans in rubles increased, the foreign exchange portfolio remained almost unchanged.
Previously at the Central Bank of Russia (CB) declarationRussian loan debt rose 1.2 percent in April. At the same time, debt growth in the first quarter of this year was 2.5%.
The Central Bank pointed out that the amount restrictions imposed on loan issuance since the beginning of this year did not cause a stagnation in the unsecured consumer loans portfolio. The above debt indicators were “provided by the increase in the population’s demand for credit.”
Also, the Central Bank said the regulator will continue to limit the growth of citizens’ debt burden by discouraging lending to borrowers with high debt burdens.